Huntington Ingalls Industries Inc (HII)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 10,453,000 | 10,304,000 | 9,612,000 | 8,540,000 | 8,388,000 |
| Revenue | US$ in thousands | 11,535,000 | 11,454,000 | 10,676,000 | 9,524,000 | 9,361,000 |
| Gross profit margin | 90.62% | 89.96% | 90.03% | 89.67% | 89.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $10,453,000K ÷ $11,535,000K
= 90.62%
Based on the data provided, the gross profit margin of Huntington Ingalls Industries Inc has shown a consistently strong performance over the years. The company's gross profit margin increased from 89.61% as of December 31, 2020, to 90.62% as of December 31, 2024. This upward trend indicates that the company has been effectively managing its production costs and pricing strategies to improve profitability.
The slight fluctuations in the gross profit margin between 2020 and 2024 are relatively minor and suggest that Huntington Ingalls Industries has been successful in maintaining a high level of efficiency in its operations. The significant improvement from 2020 to 2024 signifies that the company has been able to enhance its profitability through various strategic initiatives.
Overall, the increasing trend in gross profit margin indicates that Huntington Ingalls Industries Inc has been successful in effectively managing its production costs and generating strong margins on its products or services. This performance reflects positively on the company's financial health and efficiency in operations.
Peer comparison
Dec 31, 2024