LeMaitre Vascular Inc (LMAT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 150,901 | 127,049 | 104,896 | 101,382 | 84,618 |
| Revenue | US$ in thousands | 219,863 | 193,484 | 161,651 | 154,424 | 129,366 |
| Gross profit margin | 68.63% | 65.66% | 64.89% | 65.65% | 65.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $150,901K ÷ $219,863K
= 68.63%
The gross profit margin of LeMaitre Vascular Inc has shown a generally stable trend over the past five years, with a slight fluctuation within the range of 64.89% to 68.63%. The company's ability to generate profit from its core operations has been consistently strong, as evidenced by the margins ranging between 65.41% to 68.63%.
In particular, the gross profit margin increased from 64.89% in December 31, 2022, to 65.66% in December 31, 2023, and further improved to 68.63% by December 31, 2024. This upward trend indicates that the company may have enhanced its efficiency in managing production costs and pricing strategies, leading to higher profitability.
Overall, LeMaitre Vascular Inc's gross profit margin performance reflects a healthy financial position and operational effectiveness, allowing the company to maintain strong profitability levels over the analyzed period.
Peer comparison
Dec 31, 2024