DXP Enterprises Inc (DXPE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 556,277 | 505,291 | 422,038 | 328,506 | 279,269 |
| Revenue | US$ in thousands | 1,802,040 | 1,678,600 | 1,480,830 | 1,113,920 | 1,005,270 |
| Gross profit margin | 30.87% | 30.10% | 28.50% | 29.49% | 27.78% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $556,277K ÷ $1,802,040K
= 30.87%
Over the five-year period from December 31, 2020, to December 31, 2024, DXP Enterprises Inc has shown an improving trend in its gross profit margin. The margin has increased from 27.78% in 2020 to 30.87% in 2024, indicating the company's ability to effectively manage its production costs and generate more profits from sales. This steady improvement reflects positively on the company's operational efficiency and pricing strategies. The consistently rising gross profit margin suggests that DXP Enterprises Inc has been successful in maintaining a healthy balance between its cost of goods sold and revenue generation, which is essential for sustainable growth and profitability in the long term.
Peer comparison
Dec 31, 2024