Illumina Inc (ILMN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,861,000 | 2,744,000 | 2,972,000 | 3,154,000 | 2,203,000 |
| Revenue | US$ in thousands | 4,372,000 | 4,504,000 | 4,584,000 | 4,526,000 | 3,239,000 |
| Gross profit margin | 65.44% | 60.92% | 64.83% | 69.69% | 68.01% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,861,000K ÷ $4,372,000K
= 65.44%
Based on the provided data, Illumina Inc's gross profit margin has shown some fluctuations over the past five years. The gross profit margin for December 31, 2020, stood at 68.01%, and it increased to 69.69% by December 31, 2021, indicating an improvement in profitability.
However, there was a decline in the gross profit margin to 64.83% by December 31, 2022, and a further decrease to 60.92% by December 31, 2023, which may suggest potential challenges in managing production costs or pricing strategies during those periods.
Nevertheless, there was a recovery in the gross profit margin to 65.44% by December 31, 2024. It is important for Illumina Inc to closely monitor and analyze the factors influencing these fluctuations to ensure sustained profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024