Huntington Ingalls Industries Inc (HII)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 10,304,000 | 9,612,000 | 8,540,000 | 8,388,000 | 8,035,000 |
| Revenue | US$ in thousands | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 | 8,899,000 |
| Gross profit margin | 89.96% | 90.03% | 89.67% | 89.61% | 90.29% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $10,304,000K ÷ $11,454,000K
= 89.96%
Huntington Ingalls Industries Inc's gross profit margin has shown some fluctuation over the past five years. The company's gross profit margin was 14.37% as of December 31, 2023, a slight improvement compared to the previous year. However, it is still lower than the levels seen in 2020 and 2019.
The declining trend in gross profit margin since 2020 may indicate potential challenges in controlling direct costs of production or pricing strategy effectiveness. It is essential for the company to closely monitor and manage its cost structure to maintain or improve its gross profit margin in the future. Additionally, it may be beneficial for the company to assess its pricing strategy and explore opportunities for operational efficiencies to enhance profitability.
Peer comparison
Dec 31, 2023