Gentex Corporation (GNTX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 771,090 | 762,630 | 609,814 | 619,708 | 605,444 |
| Revenue | US$ in thousands | 2,313,310 | 2,299,220 | 1,918,960 | 1,731,170 | 1,688,190 |
| Gross profit margin | 33.33% | 33.17% | 31.78% | 35.80% | 35.86% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $771,090K ÷ $2,313,310K
= 33.33%
The gross profit margin of Gentex Corporation has shown a slight decline from 35.86% as of December 31, 2020, to 33.33% as of December 31, 2024. This downward trend may indicate challenges in maintaining profitability amidst changing market conditions or cost pressures. Despite this decline, the company's gross profit margin remains relatively healthy, suggesting that Gentex is effectively managing its cost of goods sold and generating profits from its sales. It would be advisable for the company to further analyze the factors contributing to this decline and implement strategies to improve efficiency and profitability in the coming periods.
Peer comparison
Dec 31, 2024