Chart Industries Inc (GTLS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,388,800 | 1,040,400 | 407,400 | 324,200 | 332,100 |
| Revenue | US$ in thousands | 4,160,300 | 3,352,500 | 1,612,400 | 1,317,700 | 1,177,100 |
| Gross profit margin | 33.38% | 31.03% | 25.27% | 24.60% | 28.21% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,388,800K ÷ $4,160,300K
= 33.38%
Based on the provided data, the gross profit margin of Chart Industries Inc has shown some fluctuations over the past five years. In December 31, 2020, the gross profit margin was 28.21%, which decreased to 24.60% by December 31, 2021. However, there was a slight improvement in the gross profit margin to 25.27% by December 31, 2022.
The company's gross profit margin then exhibited a more significant increase to 31.03% by December 31, 2023, and further improved to 33.38% by December 31, 2024. This indicates that Chart Industries Inc has been able to effectively manage its production costs and generate higher gross profits relative to its revenues in the most recent years.
Overall, the trend in the gross profit margin suggests that the company has made positive strides in optimizing its cost structure and enhancing its profitability.