FormFactor Inc (FORM)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	258,580	296,009	322,767	287,920	237,496
Revenue	US$ in thousands	733,352	744,811	767,046	693,269	586,655
Gross profit margin		35.26%	39.74%	42.08%	41.53%	40.48%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $258,580K ÷ $733,352K
= 35.26%

FormFactor Inc's gross profit margin has shown a declining trend over the past five years, decreasing from 40.48% in 2019 to 35.26% in 2023. This indicates that the company's cost of goods sold has been increasing at a faster rate than its sales revenue during this period. A decreasing gross profit margin may suggest potential challenges in managing production costs or pricing strategies. It is important for FormFactor Inc to closely monitor and address the factors impacting its gross profit margin to ensure profitability and sustainable growth in the future.