Hayward Holdings Inc (HAYW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 530,757 | 476,950 | 597,035 | 655,782 | 397,000 |
| Revenue | US$ in thousands | 1,051,610 | 992,452 | 1,314,140 | 1,401,790 | 875,400 |
| Gross profit margin | 50.47% | 48.06% | 45.43% | 46.78% | 45.35% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $530,757K ÷ $1,051,610K
= 50.47%
Based on the data provided, the gross profit margin of Hayward Holdings Inc has shown a positive trend over the years.
Initially, the gross profit margin was 45.35% as of December 31, 2020, which increased to 46.78% by December 31, 2021. Despite a slight dip to 45.43% by December 31, 2022, the trend reversed positively reaching 48.06% by December 31, 2023, and a notable increase to 50.47% by December 31, 2024.
This consistent improvement in the gross profit margin indicates that Hayward Holdings Inc has been effectively managing its production costs and pricing strategies, resulting in healthier profits relative to its revenue. It suggests the company's ability to efficiently control its direct costs related to the production of goods and services, translating into a higher percentage of revenue retained as gross profit.
Overall, the increasing trend in the gross profit margin reflects positively on the company's operational efficiency and profitability over the years.
Peer comparison
Dec 31, 2024