IDEX Corporation (IEX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,446,900 | 1,426,900 | 1,224,500 | 1,027,400 | 1,125,000 |
| Revenue | US$ in thousands | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,600 | 2,494,600 |
| Gross profit margin | 44.19% | 44.84% | 44.29% | 43.69% | 45.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,446,900K ÷ $3,273,900K
= 44.19%
The gross profit margin of Idex Corporation has exhibited some variability over the past five years. The margin decreased slightly from 45.10% in 2019 to 43.69% in 2020 before increasing to 44.29% in 2021. It then reached a peak of 44.84% in 2022 but experienced a slight decline to 44.19% in 2023. Overall, the company has maintained a relatively healthy gross profit margin, indicating its ability to efficiently manage production costs and generate profits from sales. The fluctuations in the margin suggest some variability in the company's cost structure and pricing strategies over the years, which may warrant further investigation into the underlying factors influencing Idex Corporation's profitability.
Peer comparison
Dec 31, 2023