Integer Holdings Corp (ITGR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 418,289 | 359,006 | 336,970 | 285,707 | 355,010 |
| Revenue | US$ in thousands | 1,533,820 | 1,330,020 | 1,187,800 | 1,040,450 | 1,207,820 |
| Gross profit margin | 27.27% | 26.99% | 28.37% | 27.46% | 29.39% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $418,289K ÷ $1,533,820K
= 27.27%
The gross profit margin of Integer Holdings Corp has shown some fluctuations over the past five years. In 2019, the gross profit margin was relatively high at 28.22%, indicating that the company was able to generate significant profits after accounting for the cost of goods sold. However, in the subsequent years, the gross profit margin saw a slight decline, reaching its lowest point in 2022 at 26.09%.
The gross profit margin rebounded in 2021 to 27.60%, suggesting improved efficiency in managing production costs relative to sales. Despite this improvement, the margin dipped slightly in 2023 to 26.20%. Overall, the company's ability to maintain gross profit margins above 25% indicates a reasonable level of profitability in its core operations. It would be beneficial for Integer Holdings Corp to further analyze the factors influencing these fluctuations to identify areas for continued improvement in operational efficiency and cost management.
Peer comparison
Dec 31, 2023