General Dynamics Corporation (GD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 38,982,000 | 36,112,000 | 35,334,000 | 34,855,000 | 3,819,000 |
| Revenue | US$ in thousands | 42,272,000 | 39,407,000 | 38,469,000 | 37,925,000 | 39,350,000 |
| Gross profit margin | 92.22% | 91.64% | 91.85% | 91.91% | 9.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $38,982,000K ÷ $42,272,000K
= 92.22%
General Dynamics Corp.'s gross profit margin has experienced a slight decline from 17.94% in 2019 to 15.78% in 2023. This indicates that the company's ability to generate profit from its core operations has weakened over the years. The downward trend in the gross profit margin could suggest potential challenges in managing production costs or pricing strategies. It is important for the company to closely monitor and address the factors impacting its gross profit margin to maintain profitability and competitiveness in the industry.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
General Dynamics Corporation
GD
92.22%
Huntington Ingalls Industries Inc
HII
89.96%