Generac Holdings Inc (GNRC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,665,630 | 1,365,430 | 1,522,000 | 1,360,080 | 957,654 |
| Revenue | US$ in thousands | 4,290,970 | 3,925,040 | 4,496,170 | 3,703,400 | 2,452,210 |
| Gross profit margin | 38.82% | 34.79% | 33.85% | 36.73% | 39.05% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,665,630K ÷ $4,290,970K
= 38.82%
Generac Holdings Inc's gross profit margin has shown some fluctuations over the past five years. Starting at 39.05% as of December 31, 2020, the margin gradually decreased to 36.73% by the end of 2021. This downward trend continued into 2022, reaching 33.85%. However, there was a slight improvement in 2023, with the gross profit margin rising to 34.79%. The most significant increase was observed in 2024, where the margin notably improved to 38.82%.
Overall, Generac Holdings Inc's gross profit margin has displayed variability over the years, indicating fluctuating levels of profitability derived from its core operations. This metric is important as it reflects the company's efficiency in managing production costs and pricing strategies, and the upward trend in 2024 suggests a positive trajectory towards enhanced profitability.
Peer comparison
Dec 31, 2024