EMCOR Group Inc (EME)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,089,340 | 1,603,590 | 1,501,740 | 1,395,380 | 1,355,870 |
| Revenue | US$ in thousands | 12,582,900 | 11,076,100 | 9,903,580 | 8,797,060 | 9,174,610 |
| Gross profit margin | 16.60% | 14.48% | 15.16% | 15.86% | 14.78% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,089,340K ÷ $12,582,900K
= 16.60%
Emcor Group, Inc.'s gross profit margin has exhibited fluctuating trends over the past five years. In 2023, the gross profit margin increased to 16.60% from 14.48% in 2022. This indicates an improvement in the margin of profitability on sales for the company in 2023. However, in comparison to 2021 and 2020 when the gross profit margin was 15.16% and 15.86% respectively, it is slightly higher. Furthermore, in 2019, the gross profit margin was at 14.78%, which is lower than the most recent figures. Overall, the rising trend in the gross profit margin suggests that Emcor Group, Inc. has managed to enhance its efficiency in generating profits from its core business activities, which is a positive signal for investors and stakeholders.
Peer comparison
Dec 31, 2023