Generac Holdings Inc (GNRC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,365,430 | 1,522,000 | 1,360,080 | 957,654 | 797,752 |
| Revenue | US$ in thousands | 3,925,040 | 4,496,170 | 3,703,400 | 2,452,210 | 2,161,870 |
| Gross profit margin | 34.79% | 33.85% | 36.73% | 39.05% | 36.90% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,365,430K ÷ $3,925,040K
= 34.79%
Generac Holdings Inc's gross profit margin has shown a downward trend over the past five years, declining from 36.19% in 2019 to 33.94% in 2023. This suggests that the company's profitability in relation to its cost of goods sold has decreased over this period. A lower gross profit margin could indicate various factors such as increased production costs, pricing pressures, or changes in product mix. It is essential for Generac Holdings Inc to closely monitor and analyze the drivers behind this trend to ensure sustainable and efficient operations in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Generac Holdings Inc
GNRC
34.79%
Franklin Electric Co Inc
FELE
34.15%
Regal Beloit Corporation
RRX
36.07%