Graco Inc (GGG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,161,020 | 1,057,440 | 1,033,950 | 854,937 | 859,756 |
| Revenue | US$ in thousands | 2,195,610 | 2,143,520 | 1,987,610 | 1,650,120 | 1,646,040 |
| Gross profit margin | 52.88% | 49.33% | 52.02% | 51.81% | 52.23% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,161,020K ÷ $2,195,610K
= 52.88%
Graco Inc's gross profit margin has exhibited some fluctuations over the past five years, ranging from 49.33% in 2022 to 52.88% in 2023. The gross profit margin is a key indicator of a company's profitability and efficiency in managing its production costs. Despite the fluctuations, Graco Inc has managed to maintain a relatively healthy gross profit margin above 50% in each of the past five years. The increase from 2022 to 2023 could indicate improvements in cost control or pricing strategies, which may have positively impacted the company's overall profitability. Overall, Graco Inc's gross profit margin trend suggests a consistent ability to generate profits from its core operations over the years.
Peer comparison
Dec 31, 2023