Knowles Cor (KN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 234,800 | 203,800 | 276,300 | 359,500 | 271,200 |
| Revenue | US$ in thousands | 553,500 | 456,800 | 764,700 | 868,100 | 764,300 |
| Gross profit margin | 42.42% | 44.61% | 36.13% | 41.41% | 35.48% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $234,800K ÷ $553,500K
= 42.42%
Knowles Cor's gross profit margin has shown fluctuations over the years based on the provided data. In December 2020, the gross profit margin was 35.48%, which increased to 41.41% by December 2021, representing an improvement in profitability. However, by December 2022, the margin decreased to 36.13%, indicating a potential challenge in maintaining profitability levels.
The company's gross profit margin saw a significant increase to 44.61% by December 2023, suggesting efficient cost management or increased sales prices. Subsequently, by December 2024, the margin slightly decreased to 42.42%, although it remained relatively high compared to the earlier years.
Overall, Knowles Cor's gross profit margin performance indicates a mix of positive and negative trends, highlighting the importance of monitoring cost structures and pricing strategies to sustain profitability levels over time.
Peer comparison
Dec 31, 2024