GATX Corporation (GATX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,342,900 | 817,500 | 670,000 | 690,600 | 389,600 |
| Revenue | US$ in thousands | 1,585,500 | 1,410,900 | 1,273,000 | 1,257,400 | 1,209,200 |
| Gross profit margin | 84.70% | 57.94% | 52.63% | 54.92% | 32.22% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,342,900K ÷ $1,585,500K
= 84.70%
Based on the data provided for GATX Corporation's Gross Profit Margin over the five-year period from December 31, 2020, to December 31, 2024, a clear trend of improvement can be observed.
Starting at 32.22% in December 2020, the Gross Profit Margin steadily increased to 54.92% by December 2021, indicating better control over production costs relative to sales revenue. This upward trend continued with the margin reaching 52.63% in December 2022 and surging to 57.94% by December 2023, reflecting enhanced operational efficiency and pricing strategies.
Notably, the most significant leap was witnessed in December 2024, with the Gross Profit Margin escalating dramatically to 84.70%. This exceptional performance could be a result of strategic initiatives, cost-saving measures, increased productivity, or a favorable revenue mix.
Overall, the consistent improvement in GATX Corporation's Gross Profit Margin highlights the company's ability to generate more revenue from each sale after accounting for the cost of goods sold. This positive trend suggests effective management of production and sales processes, which can contribute to enhanced profitability and sustainable growth in the future.
Peer comparison
Dec 31, 2024