Graco Inc (GGG)
Gross profit margin
Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
---|---|---|---|---|---|---|
Gross profit | US$ in thousands | 1,122,460 | 1,161,020 | 1,057,440 | 1,033,950 | 854,937 |
Revenue | US$ in thousands | 2,113,320 | 2,195,610 | 2,143,520 | 1,987,610 | 1,650,120 |
Gross profit margin | 53.11% | 52.88% | 49.33% | 52.02% | 51.81% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,122,460K ÷ $2,113,320K
= 53.11%
The gross profit margin of Graco Inc has shown a fluctuating trend over the past five years. Starting at 51.81% on December 31, 2020, it slightly increased to 52.02% by December 31, 2021. However, in the following year, the margin declined to 49.33% as of December 31, 2022.
Thereafter, the company's gross profit margin saw a notable recovery, rising to 52.88% as of December 31, 2023, and further improving to 53.11% by December 31, 2024. This upward trajectory indicates an improvement in the efficiency of Graco's production processes and/or pricing strategies, resulting in a higher percentage of revenue retained as gross profit.
Overall, while there were fluctuations in the gross profit margin, the general trend shows an overall improvement over the five-year period, reflecting positively on Graco Inc's operational performance and profitability.
Peer comparison
Dec 31, 2024