GE HealthCare Technologies Inc. (GEHC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 8,205,000 | 7,922,000 | 7,179,000 |
| Revenue | US$ in thousands | 19,108,000 | 18,952,000 | 18,199,000 |
| Gross profit margin | 42.94% | 41.80% | 39.45% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $8,205,000K ÷ $19,108,000K
= 42.94%
The gross profit margin of GE HealthCare Technologies Inc. has shown a positive trend over the past three years. It increased from 39.45% as of December 31, 2022, to 41.80% as of December 31, 2023, and further improved to 42.94% as of December 31, 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in higher profitability at the gross profit level. The rising gross profit margin suggests potential operational efficiency and pricing strategies that have positively impacted the company's financial performance over the years.
Peer comparison
Dec 31, 2024