Crane NXT Co (CXT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 665,100 | 654,100 | 1,339,800 | 1,287,700 | 1,006,200 |
| Revenue | US$ in thousands | 1,486,800 | 1,391,300 | 3,374,900 | 3,408,000 | 2,936,900 |
| Gross profit margin | 44.73% | 47.01% | 39.70% | 37.78% | 34.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $665,100K ÷ $1,486,800K
= 44.73%
The gross profit margin of Crane NXT Co has shown a positive trend over the years. Starting at 34.26% in December 31, 2020, it increased to 37.78% in December 31, 2021, and continued to rise to 39.70% in December 31, 2022. There was a significant improvement in December 31, 2023, with the margin reaching 47.01%, indicating efficient management of production and sales costs. However, in December 31, 2024, there was a slight dip to 44.73%, which may warrant further investigation to understand the underlying factors affecting the margin. Overall, the increasing trend in the gross profit margin reflects positive operational performance and effective cost control measures by Crane NXT Co.
Peer comparison
Dec 31, 2024