Hayward Holdings Inc (HAYW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 476,950 | 597,035 | 655,782 |
| Revenue | US$ in thousands | 917,868 | 1,256,620 | 1,337,320 |
| Gross profit margin | 51.96% | 47.51% | 49.04% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $476,950K ÷ $917,868K
= 51.96%
Hayward Holdings Inc's gross profit margin has shown a positive trend over the past three years, increasing from 46.78% in 2021 to 48.06% in 2023. This indicates that the company is effectively managing its production costs and generating higher profit on its sales. The steady improvement in gross profit margin reflects the company's ability to maintain pricing power, control manufacturing expenses, and potentially improve operational efficiencies. Overall, the increasing trend in gross profit margin demonstrates Hayward Holdings Inc's strength in managing its cost structure and generating healthy profits from its core operations.
Peer comparison
Dec 31, 2023