IDEX Corporation (IEX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,445,200 | 1,446,900 | 1,426,900 | 1,224,500 | 1,027,420 |
| Revenue | US$ in thousands | 3,268,800 | 3,273,900 | 3,181,900 | 2,764,800 | 2,351,650 |
| Gross profit margin | 44.21% | 44.19% | 44.84% | 44.29% | 43.69% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,445,200K ÷ $3,268,800K
= 44.21%
Based on the provided data, IDEX Corporation's gross profit margin has shown a generally increasing trend over the last five years. The gross profit margin increased from 43.69% as of December 31, 2020, to 44.21% as of December 31, 2024.
The company's ability to maintain and improve its gross profit margin is a positive indicator of its operational efficiency and pricing strategies. A higher gross profit margin implies that the company is effectively managing its production costs and pricing its products/services competitively.
Although there was a slight dip in the gross profit margin in 2023, the overall trend indicates that IDEX Corporation has been successful in generating more gross profit relative to its revenue, which is essential for sustaining profitability and potential future growth. It is important for the company to continue monitoring and managing factors that could affect its gross profit margin to ensure long-term financial health and performance.
Peer comparison
Dec 31, 2024