Inter Parfums Inc (IPAR)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	927,341	839,078	694,422	556,902	330,731
Revenue	US$ in thousands	1,451,240	1,317,700	1,086,700	879,500	539,000
Gross profit margin		63.90%	63.68%	63.90%	63.32%	61.36%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $927,341K ÷ $1,451,240K
= 63.90%

Interpreting the gross profit margin of Inter Parfums Inc over the years reveals a consistent upward trend, showcasing healthy profitability in its operations. The margin has gradually improved from 61.36% as of December 31, 2020, to 63.90% by the end of December 31, 2024. This indicates that the company has been effectively managing its production costs and pricing strategies, resulting in a higher percentage of revenue retained after accounting for the cost of goods sold. The steady increase in the gross profit margin reflects positively on Inter Parfums Inc's ability to generate profits from its core business activities.