Leidos Holdings Inc (LDOS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,244,000 | 2,084,000 | 2,014,000 | 1,737,000 | 1,548,000 |
| Revenue | US$ in thousands | 15,438,000 | 14,396,000 | 13,737,000 | 12,297,000 | 11,094,000 |
| Gross profit margin | 14.54% | 14.48% | 14.66% | 14.13% | 13.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,244,000K ÷ $15,438,000K
= 14.54%
The gross profit margin of Leidos Holdings Inc has shown a relatively stable trend over the past five years. It ranged from 13.95% in 2019 to 14.66% in 2021, with the latest figure standing at 14.54% as of December 31, 2023. This indicates that, on average, the company retains approximately 14.54% of its revenue as gross profit after deducting the cost of goods sold.
This consistency in gross profit margin suggests that Leidos has been effectively managing its production costs and pricing strategies to maintain a healthy level of profitability on its core operations. It is important for investors and analysts to continue monitoring this metric to assess the company's ability to generate profits from its primary business activities.
Peer comparison
Dec 31, 2023