Flowserve Corporation (FLS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,276,830 | 994,295 | 1,049,720 | 1,116,770 | 1,289,340 |
| Revenue | US$ in thousands | 4,277,980 | 3,600,590 | 3,412,060 | 3,653,870 | 3,909,500 |
| Gross profit margin | 29.85% | 27.61% | 30.76% | 30.56% | 32.98% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,276,830K ÷ $4,277,980K
= 29.85%
Flowserve Corp.'s gross profit margin has displayed a fluctuating trend over the past five years. The margin declined from 32.84% in 2019 to 29.96% in 2020, indicating a decrease in the ability to generate profits from sales. However, it slightly rebounded to 29.64% in 2021 before recording a further increase to 27.50% in 2022. In the most recent year, 2023, the gross profit margin improved to 29.55%.
This analysis suggests that the company may have experienced some challenges maintaining consistent profitability from its core business operations in recent years. The fluctuations in the gross profit margin could be indicative of changes in the cost structure, pricing strategy, or production efficiencies within the organization. Further investigation into the underlying factors affecting the gross profit margin is necessary to assess the company's overall financial performance and determine the effectiveness of its operational strategies.
Peer comparison
Dec 31, 2023