General Dynamics Corporation (GD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 44,262,000 | 38,982,000 | 36,112,000 | 35,334,000 | 34,855,000 |
| Revenue | US$ in thousands | 47,716,000 | 42,272,000 | 39,407,000 | 38,469,000 | 37,925,000 |
| Gross profit margin | 92.76% | 92.22% | 91.64% | 91.85% | 91.91% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $44,262,000K ÷ $47,716,000K
= 92.76%
General Dynamics Corporation's gross profit margin has displayed a relatively stable trend over the past five years, starting at 91.91% as of December 31, 2020, and experiencing minor fluctuations before reaching 92.76% by the end of December 31, 2024. This indicates that the company has been effectively managing its production costs and generating a high level of profitability from its core operations. The consistent high gross profit margin suggests efficient cost control and pricing strategies, which are crucial for overall financial health and sustainable growth.
Peer comparison
Dec 31, 2024
Company name
Symbol
Gross profit margin
General Dynamics Corporation
GD
92.76%
Huntington Ingalls Industries Inc
HII
90.62%