MDU Resources Group Inc (MDU)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,665,470 | 1,966,820 | 1,575,800 | 1,473,820 | 1,419,290 |
| Revenue | US$ in thousands | 4,657,340 | 4,441,780 | 5,680,730 | 5,532,750 | 5,336,780 |
| Gross profit margin | 35.76% | 44.28% | 27.74% | 26.64% | 26.59% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,665,470K ÷ $4,657,340K
= 35.76%
The gross profit margin of MDU Resources Group Inc has shown a declining trend over the past five years. Starting at 90.48% in 2019, the margin has decreased to 81.73% in 2023. This indicates that the company's ability to generate profits from its core operations has reduced over time, potentially due to factors such as increased costs or pricing pressures. It is essential for MDU Resources Group Inc to closely monitor and manage its cost structure and pricing strategies to improve its gross profit margin and overall profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
MDU Resources Group Inc
MDU
35.76%
Knife River Corporation
KNF
19.04%
Martin Marietta Materials Inc
MLM
30.59%
Vulcan Materials Company
VMC
25.04%