LCI Industries (LCII)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 879,715 | 776,190 | 1,273,290 | 1,043,040 | 706,090 |
| Revenue | US$ in thousands | 3,741,210 | 3,784,810 | 5,207,140 | 4,472,700 | 2,796,170 |
| Gross profit margin | 23.51% | 20.51% | 24.45% | 23.32% | 25.25% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $879,715K ÷ $3,741,210K
= 23.51%
LCI Industries' gross profit margin has shown fluctuations over the period from December 31, 2020, to December 31, 2024. The margin declined from 25.25% in 2020 to 20.51% in 2023 before slightly increasing to 23.51% in 2024. The decrease in the gross profit margin from 2020 to 2023 may indicate challenges in maintaining profitability relative to its cost of goods sold. However, the slight rebound in 2024 suggests some improvement in managing production costs or increasing product pricing. It would be prudent for LCI Industries to monitor and analyze factors influencing these fluctuations to sustain or enhance its gross profit margin in the future.
Peer comparison
Dec 31, 2024