Curtiss-Wright Corporation (CW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,067,180 | 954,609 | 933,356 | 841,227 | 898,745 |
| Revenue | US$ in thousands | 2,796,860 | 2,510,060 | 2,464,460 | 2,391,340 | 2,487,960 |
| Gross profit margin | 38.16% | 38.03% | 37.87% | 35.18% | 36.12% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,067,180K ÷ $2,796,860K
= 38.16%
Curtiss-Wright Corp.'s gross profit margin has shown a relatively stable trend over the past five years. The margin has ranged between 35.18% and 37.51%, indicating consistency in the company's ability to generate revenue after accounting for the cost of goods sold. This suggests that Curtiss-Wright has effectively managed its production costs and pricing strategies to maintain a healthy gross profit margin. Additionally, the gradual improvement in the margin from 35.18% in 2020 to 37.51% in 2023 reflects a positive trend in the company's operational efficiency and profitability. Overall, the consistent and modestly improving gross profit margin indicates good financial health and performance for Curtiss-Wright Corp.
Peer comparison
Dec 31, 2023