MDU Resources Group Inc (MDU)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 571,958 | 622,040 | 1,145,100 | 1,044,900 | 1,047,300 |
| Revenue | US$ in thousands | 1,758,000 | 4,657,340 | 6,973,900 | 5,680,700 | 5,532,700 |
| Gross profit margin | 32.53% | 13.36% | 16.42% | 18.39% | 18.93% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $571,958K ÷ $1,758,000K
= 32.53%
Based on the data provided, MDU Resources Group Inc's gross profit margin has shown fluctuations over the years. The gross profit margin was 18.93% as of December 31, 2020, and decreased slightly to 18.39% by December 31, 2021. Subsequently, there was a more significant decline to 16.42% by December 31, 2022, followed by a notable drop to 13.36% by December 31, 2023.
However, there was a significant improvement in the gross profit margin to 32.53% by December 31, 2024. This substantial increase suggests an enhancement in the company's ability to generate revenue after accounting for the cost of goods sold.
It is crucial to further investigate the reasons behind these fluctuations in the gross profit margin to assess the company's operational efficiency, pricing strategies, cost control measures, and overall financial health.
Peer comparison
Dec 31, 2024