JBTMarel Corp (JBTM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 626,500 | 585,700 | 529,400 | 482,100 | 533,700 |
| Revenue | US$ in thousands | 1,716,000 | 1,664,400 | 1,590,300 | 1,400,800 | 1,727,800 |
| Gross profit margin | 36.51% | 35.19% | 33.29% | 34.42% | 30.89% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $626,500K ÷ $1,716,000K
= 36.51%
The gross profit margin of JBTMarel Corp exhibits a generally positive trend over the period from December 31, 2020, to December 31, 2024. Starting at 30.89% in 2020, there is a notable increase in 2021 to 34.42%, representing an improvement of approximately 3.53 percentage points. This upward movement continues through 2022, with the gross profit margin stabilizing at 33.29%, reflecting a slight decrease of around 1.13 percentage points from the previous year. However, from 2022 onwards, a consistent upward trend resumes, with the margin rising to 35.19% in 2023 and further increasing to 36.51% in 2024. Overall, the data suggests that JBTMarel Corp has been able to enhance its gross profit margin over the four-year span, indicating improvements in cost management or pricing strategies, or a combination of both, contributing to increased profitability at the gross level.
Peer comparison
Dec 31, 2024