Everus Construction Group Inc (ECG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 322,267 | 276,046 | 247,938 |
| Revenue | US$ in thousands | 2,854,390 | 2,699,250 | 2,051,640 |
| Gross profit margin | 11.29% | 10.23% | 12.08% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $322,267K ÷ $2,854,390K
= 11.29%
The gross profit margin of Everus Construction Group Inc has shown fluctuations over the past three years. In 2021, the gross profit margin was at its highest level at 12.08%, indicating that the company effectively managed its production costs and generated a relatively higher profit from its core operations. However, in 2022, the gross profit margin decreased to 10.23%, suggesting a potential increase in production costs or pricing pressures that impacted profitability.
In 2023, the gross profit margin slightly improved to 11.29%, indicating some recovery in the company's ability to generate profit from its products or services. It is important for Everus Construction Group Inc to consistently monitor and analyze its gross profit margin to ensure efficient cost management, pricing strategies, and overall profitability in the competitive construction industry.
Peer comparison
Dec 31, 2023