Franklin Electric Co Inc (FELE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 717,280 | 697,008 | 691,435 | 576,089 | 433,139 |
| Revenue | US$ in thousands | 2,021,340 | 2,065,130 | 2,043,710 | 1,661,860 | 1,247,330 |
| Gross profit margin | 35.49% | 33.75% | 33.83% | 34.67% | 34.73% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $717,280K ÷ $2,021,340K
= 35.49%
The gross profit margin of Franklin Electric Co Inc has been relatively stable over the past five years, ranging from 33.75% to 35.49%. This indicates that the company has been able to maintain a healthy level of profitability after accounting for the cost of goods sold. The slight decrease from 2022 to 2023 may signal potential challenges in managing production costs or pricing strategies. However, the improvement in 2024 suggests that the company may have implemented effective measures to enhance its gross profit margin. Overall, Franklin Electric Co Inc's gross profit margin remains at a satisfactory level, but it is important for the company to continue monitoring and optimizing its cost structure to sustain profitability in the future.
Peer comparison
Dec 31, 2024