3D Systems Corporation (DDD)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	196,421	214,233	263,778	223,375	280,541
Revenue	US$ in thousands	512,487	530,813	965,674	548,190	622,454
Gross profit margin		38.33%	40.36%	27.32%	40.75%	45.07%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $196,421K ÷ $512,487K
= 38.33%

The gross profit margin of 3D Systems Corporation has fluctuated over the past five years. In 2023, the gross profit margin was 38.33%, showing a slight decrease from the previous year's margin of 40.36%. However, this decrease is in line with the company's performance in 2021 when the margin was significantly lower at 27.32%.

Comparing the margins to earlier years, we see a decline from 40.75% in 2020 and a more substantial drop from 45.07% in 2019. This downward trend in gross profit margins could indicate challenges in managing production costs or pricing strategies, leading to reduced profitability at the gross level. Further analysis of the company's cost structure and revenue streams may be necessary to identify the underlying factors driving these fluctuations in gross profit margins.