Exponent Inc (EXPO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 183,524 | 218,319 | 166,453 | 130,100 | 137,676 |
| Revenue | US$ in thousands | 536,766 | 513,293 | 466,269 | 399,900 | 417,199 |
| Gross profit margin | 34.19% | 42.53% | 35.70% | 32.53% | 33.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $183,524K ÷ $536,766K
= 34.19%
Exponent Inc's gross profit margin has shown some fluctuation over the past five years. The margin decreased from 33.00% in 2019 to 32.53% in 2020, reflecting a slight decline. However, there was a significant improvement in 2021 when the margin rose to 35.70%. This positive trend continued into 2022 with a further increase to 42.53%.
However, the most recent data for 2023 shows a decrease in the gross profit margin to 34.19%. This indicates a slight decline from the previous year but is still higher than the margins observed in 2020 and 2019.
Overall, Exponent Inc's gross profit margin has shown variability over the years, with both increases and decreases. It is important for stakeholders to delve deeper into the company's financial performance and strategies to understand the reasons behind these fluctuations and assess the company's profitability and efficiency in generating revenue from its core operations.
Peer comparison
Dec 31, 2023