Masco Corporation (MAS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,831,000 | 2,836,000 | 2,713,000 | 2,863,000 | 2,587,000 |
| Revenue | US$ in thousands | 7,748,000 | 7,861,000 | 8,568,000 | 7,915,000 | 7,636,000 |
| Gross profit margin | 36.54% | 36.08% | 31.66% | 36.17% | 33.88% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,831,000K ÷ $7,748,000K
= 36.54%
Masco Corporation's gross profit margin has exhibited some fluctuations over the past five years.
In 2020, the gross profit margin was reported at 33.88%, showing a moderate level of profitability from its sales after accounting for the cost of goods sold.
The following year, in 2021, Masco Corporation managed to improve its gross profit margin to 36.17%, indicating an increase in efficiency in managing production costs or a rise in selling prices.
However, in 2022, there was a slight decline in the gross profit margin to 31.66%, which could suggest challenges in controlling manufacturing or procurement costs.
Nonetheless, in 2023 and 2024, Masco Corporation demonstrated a positive trend with the gross profit margin climbing to 36.08% and 36.54%, respectively. These improvements could be attributed to better cost management strategies, increased sales prices, or potentially higher sales volumes.
Overall, maintaining or increasing the gross profit margin is essential for a company's financial health, as it reflects the effectiveness of its operations in generating profits from core business activities. Masco Corporation's ability to sustain and enhance its gross profit margin over time is a positive indicator of its profitability and operational efficiency.
Peer comparison
Dec 31, 2024