Middleby Corp (MIDD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,470,370 | 1,534,060 | 1,446,550 | 1,194,860 | 882,048 |
| Revenue | US$ in thousands | 3,875,160 | 4,036,600 | 4,032,850 | 3,250,790 | 2,513,260 |
| Gross profit margin | 37.94% | 38.00% | 35.87% | 36.76% | 35.10% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,470,370K ÷ $3,875,160K
= 37.94%
Middleby Corp's gross profit margin has shown a general increasing trend over the five-year period from 2020 to 2024, starting at 35.10% in 2020 and reaching 37.94% in 2024. The company experienced fluctuations in gross profit margin but maintained an overall upward trajectory. This improvement indicates that Middleby Corp has been able to effectively manage its production costs and pricing strategies, resulting in a higher percentage of revenue retained as gross profit. The 2023 gross profit margin of 38.00% represents a peak during the period, suggesting a strong performance in that year. Overall, Middleby Corp's gross profit margin trend reflects positively on its efficiency in generating profits from its core business activities.
Peer comparison
Dec 31, 2024