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.