Hexcel Corporation (HXL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 469,800 | 433,200 | 357,100 | 250,100 | 239,700 |
| Revenue | US$ in thousands | 1,903,000 | 1,758,000 | 1,541,500 | 1,286,400 | 1,460,600 |
| Gross profit margin | 24.69% | 24.64% | 23.17% | 19.44% | 16.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $469,800K ÷ $1,903,000K
= 24.69%
Based on the data provided, we observe a positive trend in Hexcel Corporation's gross profit margin over the five-year period from December 31, 2020, to December 31, 2024. The gross profit margin has increased steadily from 16.41% in 2020 to 24.69% in 2024.
This improvement in the gross profit margin indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue over the years. It suggests that Hexcel Corporation is becoming more efficient in generating profits from its core operations.
A rising gross profit margin is generally viewed positively by investors as it signifies improved profitability and potentially enhanced competitiveness in the industry. However, it is important to continue monitoring this metric alongside other financial indicators to gain a comprehensive understanding of Hexcel Corporation's financial performance.
Peer comparison
Dec 31, 2024