Fresh Del Monte Produce Inc (FDP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 357,900 | 350,700 | 340,200 | 303,800 | 250,900 |
| Revenue | US$ in thousands | 4,280,200 | 4,320,700 | 4,442,300 | 4,252,000 | 4,202,300 |
| Gross profit margin | 8.36% | 8.12% | 7.66% | 7.14% | 5.97% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $357,900K ÷ $4,280,200K
= 8.36%
Fresh Del Monte Produce Inc's gross profit margin has shown a positive trend over the past five years, increasing from 5.97% as of December 31, 2020, to 8.36% as of December 31, 2024. This indicates an improvement in the company's ability to generate profits from its core business activities after accounting for the direct costs associated with producing goods. A rising gross profit margin suggests that Fresh Del Monte Produce Inc has been able to manage its cost of goods sold effectively or increase prices, resulting in a higher percentage of revenue retained as gross profit. Overall, the increasing trend in gross profit margin is a positive indicator of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024