Enovis Corp (ENOV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,180,760 | 990,779 | 869,383 | 1,613,660 | 1,288,100 |
| Revenue | US$ in thousands | 2,107,620 | 1,707,200 | 1,563,100 | 3,854,300 | 3,070,770 |
| Gross profit margin | 56.02% | 58.04% | 55.62% | 41.87% | 41.95% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,180,760K ÷ $2,107,620K
= 56.02%
The gross profit margin of Enovis Corp has shown a positive trend over the years, reflecting an improvement in the efficiency of its core operations. From December 31, 2020, to December 31, 2024, the gross profit margin increased steadily from 41.95% to 56.02%. This significant improvement indicates that the company has been able to effectively control its production costs and generate more revenue from its sales. The consistent growth in gross profit margin demonstrates Enovis Corp's ability to optimize its pricing strategies, streamline its production processes, or negotiate better deals with suppliers. Overall, the upward trajectory of the gross profit margin is a positive indicator of Enovis Corp's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024