Harley-Davidson Inc (HOG)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,809,100 | 1,786,770 | 2,351,400 | 1,711,770 | 1,024,110 |
| Revenue | US$ in thousands | 5,186,800 | 5,836,480 | 5,755,130 | 5,336,310 | 4,054,380 |
| Gross profit margin | 34.88% | 30.61% | 40.86% | 32.08% | 25.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,809,100K ÷ $5,186,800K
= 34.88%
Based on the data provided, Harley-Davidson Inc's gross profit margin has experienced fluctuations over the past five years.
- In December 31, 2020, the gross profit margin was 25.26%, indicating that for every dollar of revenue generated, the company retained $0.2526 as gross profit.
- By December 31, 2021, the gross profit margin had increased to 32.08%, showing an improvement in the company's ability to control its cost of goods sold.
- The gross profit margin peaked at 40.86% on December 31, 2022, reflecting strong profitability and potentially more efficient production processes.
- However, by December 31, 2023, the gross profit margin declined to 30.61%, suggesting a possible increase in production costs or pricing pressures.
- As of December 31, 2024, the gross profit margin improved to 34.88%, signifying a rebound in profitability compared to the previous year.
Overall, Harley-Davidson Inc's gross profit margin has demonstrated variability, with both improvements and declines over the period. It is essential for the company to continue monitoring and managing its cost structure effectively to maintain sustainable profitability in the long run.
Peer comparison
Dec 31, 2024