Flowserve Corporation (FLS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,434,250 | 1,297,840 | 994,295 | 1,049,720 | 1,116,770 |
| Revenue | US$ in thousands | 4,557,810 | 4,320,580 | 3,615,120 | 3,541,060 | 3,728,130 |
| Gross profit margin | 31.47% | 30.04% | 27.50% | 29.64% | 29.96% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,434,250K ÷ $4,557,810K
= 31.47%
Flowserve Corporation's gross profit margin has exhibited some fluctuations over the past five years. In 2020, the gross profit margin stood at 29.96%, and by the end of 2021, it decreased slightly to 29.64%. However, there was a more significant decline in 2022, with the margin dropping to 27.50%. Subsequently, the gross profit margin rebounded in 2023 to 30.04% and further improved to 31.47% by the end of 2024. Overall, despite the fluctuations, there has been an upward trend in the gross profit margin, indicating potential improvements in the company's cost management and pricing strategies during this period.
Peer comparison
Dec 31, 2024