DXP Enterprises Inc (DXPE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 505,291 | 422,038 | 328,506 | 277,196 | 349,789 |
| Revenue | US$ in thousands | 1,624,650 | 1,451,700 | 1,093,110 | 982,407 | 1,247,510 |
| Gross profit margin | 31.10% | 29.07% | 30.05% | 28.22% | 28.04% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $505,291K ÷ $1,624,650K
= 31.10%
DXP Enterprises Inc has shown a fluctuating trend in its gross profit margin over the past five years. The gross profit margin increased from 28.04% in 2019 to 30.05% in 2021, reflecting an improvement in the company's ability to generate profits from its core operations. However, in 2022, the margin slightly decreased to 29.07% before rising again to 31.10% in 2023. This indicates that the company has managed to maintain a relatively healthy level of profitability despite some fluctuations. Overall, the upward trend in the gross profit margin suggests that DXP Enterprises Inc is effectively managing its cost of goods sold and pricing strategies to enhance its profitability over time.
Peer comparison
Dec 31, 2023