Dorman Products Inc (DORM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 806,359 | 685,423 | 564,450 | 462,916 | 383,116 |
| Revenue | US$ in thousands | 2,009,200 | 1,929,790 | 1,733,750 | 1,345,250 | 1,092,750 |
| Gross profit margin | 40.13% | 35.52% | 32.56% | 34.41% | 35.06% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $806,359K ÷ $2,009,200K
= 40.13%
The gross profit margin of Dorman Products Inc demonstrates fluctuations over the period from December 31, 2020, to December 31, 2024. It decreased from 35.06% in 2020 to 32.56% in 2022, indicating a potential challenge in managing production costs relative to sales revenue. However, the margin rebounded in 2023 to 35.52% and notably improved to 40.13% in 2024. This upward trend suggests the company may have implemented effective cost control measures or experienced an increase in sales prices or volume, resulting in a healthier margin. Overall, monitoring the gross profit margin over time provides insights into Dorman Products Inc's ability to generate profit from its core operations.
Peer comparison
Dec 31, 2024