Group 1 Automotive Inc (GPI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,241,000 | 3,020,300 | 2,965,200 | 2,440,700 | 1,768,900 |
| Revenue | US$ in thousands | 19,934,300 | 17,873,700 | 16,222,100 | 13,481,900 | 10,851,800 |
| Gross profit margin | 16.26% | 16.90% | 18.28% | 18.10% | 16.30% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,241,000K ÷ $19,934,300K
= 16.26%
The gross profit margin of Group 1 Automotive Inc has shown some fluctuations over the five-year period from December 31, 2020, to December 31, 2024. The margin increased from 16.30% in December 2020 to 18.10% in December 2021, indicating an improvement in the company's ability to generate profit from its core operations. Subsequently, there was a slight further increase to 18.28% by December 31, 2022.
However, in the following years, the gross profit margin experienced a slight decline, dropping to 16.90% by December 31, 2023, and further decreasing to 16.26% by December 31, 2024. These declines may suggest challenges in managing production costs or pricing strategies that impacted the company's profitability from sales.
Overall, while the gross profit margin of Group 1 Automotive Inc showed some variability over the five-year period, it is essential for the company to closely monitor and address any factors influencing these fluctuations to maintain a healthy level of profitability from its core operations.
Peer comparison
Dec 31, 2024