Henry Schein Inc (HSIC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,016,000 | 3,860,000 | 3,831,000 | 3,674,000 | 2,816,000 |
| Revenue | US$ in thousands | 12,673,000 | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 |
| Gross profit margin | 31.69% | 31.51% | 30.40% | 29.67% | 27.94% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,016,000K ÷ $12,673,000K
= 31.69%
Henry Schein Inc's gross profit margin has shown a positive trend over the past five years, increasing steadily from 27.94% as of December 31, 2020, to 31.69% as of December 31, 2024. This indicates that the company has been able to effectively manage its production and distribution costs relative to its sales revenue. The consistent improvement in gross profit margin reflects enhanced operational efficiency and potentially better pricing strategies.
The rise in gross profit margin suggests that Henry Schein Inc has been successful in controlling its direct costs of goods sold, which can include expenses related to procurement, manufacturing, and distribution. This trend is favorable as a higher gross profit margin provides the company with more financial flexibility to invest in areas such as research and development, marketing, and expansion.
Overall, the increasing trend in Henry Schein Inc's gross profit margin demonstrates a positive performance in its core operations and indicates a healthy financial position for the company.
Peer comparison
Dec 31, 2024