ESAB Corp (ESAB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,037,460 | 1,015,750 | 885,530 | 837,983 | 682,465 |
| Revenue | US$ in thousands | 2,740,800 | 2,774,770 | 2,593,480 | 2,428,120 | 1,950,070 |
| Gross profit margin | 37.85% | 36.61% | 34.14% | 34.51% | 35.00% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,037,460K ÷ $2,740,800K
= 37.85%
ESAB Corp's gross profit margin has exhibited a fluctuating trend over the five-year period from December 31, 2020, to December 31, 2024. The gross profit margin started at 35.00% in 2020 and showed a slight decrease to 34.51% in 2021. Subsequently, there was a further decline to 34.14% in 2022. However, a positive upturn occurred in the following years, with the gross profit margin increasing significantly to 36.61% in 2023 and further improving to 37.85% in 2024. This trajectory indicates a notable recovery and improvement in the company's efficiency in generating profits from its core operations. Overall, ESAB Corp's gross profit margin demonstrates a mix of fluctuations and positive growth, reflecting dynamic changes in the company's cost structure and pricing strategies over the five-year period.
Peer comparison
Dec 31, 2024