EMCOR Group Inc (EME)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,765,050 | 2,089,340 | 1,603,590 | 1,501,740 | 1,395,380 |
| Revenue | US$ in thousands | 14,566,100 | 12,582,900 | 11,076,100 | 9,903,580 | 8,797,060 |
| Gross profit margin | 18.98% | 16.60% | 14.48% | 15.16% | 15.86% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,765,050K ÷ $14,566,100K
= 18.98%
Based on the data provided, the gross profit margin of EMCOR Group Inc has shown variations over the years. In December 2020, the gross profit margin was reported at 15.86%, which slightly decreased to 15.16% by December 2021. The margin further declined to 14.48% by December 2022.
However, there was a notable improvement in performance by December 2023, where the gross profit margin increased to 16.60%. The most significant improvement was seen by December 2024, with the gross profit margin reaching 18.98%.
Overall, the trend indicates some fluctuations in the gross profit margin of EMCOR Group Inc during the period under review, with a notable increase in the most recent year. This improvement in gross profit margin may suggest enhanced cost management, pricing strategies, or efficiencies in operations which could positively impact the company's profitability.
Peer comparison
Dec 31, 2024