Littelfuse Inc (LFUS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 787,542 | 900,241 | 1,006,910 | 771,926 | 501,172 |
| Revenue | US$ in thousands | 2,190,770 | 2,362,660 | 2,513,900 | 2,079,930 | 1,445,700 |
| Gross profit margin | 35.95% | 38.10% | 40.05% | 37.11% | 34.67% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $787,542K ÷ $2,190,770K
= 35.95%
The gross profit margin of Littelfuse Inc has shown a fluctuating trend over the past five years. It increased from 34.67% on December 31, 2020, to 40.05% on December 31, 2022, reflecting an improvement in the company's ability to generate profit from its core operations. However, in the following year, the gross profit margin declined to 38.10% as of December 31, 2023. By December 31, 2024, the margin further decreased to 35.95%, indicating a decrease in profitability relative to revenue.
Overall, the company has shown some volatility in its gross profit margin performance, with periods of both growth and decline. This trend may be influenced by various factors such as changes in sales mix, pricing strategies, input costs, or operational efficiencies. Monitoring and analyzing this metric over time can provide valuable insights into the company's operational performance and profitability.
Peer comparison
Dec 31, 2024