Lithia Motors Inc (LAD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 5,561,000 | 5,228,900 | 5,152,400 | 4,259,000 | 2,224,300 |
| Revenue | US$ in thousands | 36,218,600 | 30,878,400 | 28,126,000 | 22,726,200 | 13,069,400 |
| Gross profit margin | 15.35% | 16.93% | 18.32% | 18.74% | 17.02% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $5,561,000K ÷ $36,218,600K
= 15.35%
The gross profit margin for Lithia Motors Inc has shown some fluctuations over the years. As of December 31, 2020, the gross profit margin was 17.02%, which increased to 18.74% by December 31, 2021. However, there was a slight decrease to 18.32% by December 31, 2022. Subsequently, the margin declined to 16.93% by December 31, 2023, and further dropped to 15.35% by December 31, 2024.
Overall, the trend indicates some variability in the company's ability to generate profit from its core operations. It's important for stakeholders to monitor these fluctuations and understand the underlying factors influencing the gross profit margin to assess the company's financial health and operational efficiency accurately.
Peer comparison
Dec 31, 2024