MKS Instruments Inc (MKSI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,642,000 | 1,547,000 | 1,380,000 | 1,049,000 | 830,400 |
| Revenue | US$ in thousands | 3,260,000 | 3,377,000 | 2,924,200 | 2,300,900 | 1,862,410 |
| Gross profit margin | 50.37% | 45.81% | 47.19% | 45.59% | 44.59% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,642,000K ÷ $3,260,000K
= 50.37%
The gross profit margin of MKS Instruments Inc has shown a generally positive trend over the past five years, increasing from 44.59% in 2019 to 50.37% in 2023. This indicates that the company has been able to improve its efficiency in generating profits from its revenue after accounting for the cost of goods sold. The consistent improvement in gross profit margin suggests that MKS Instruments Inc has been effectively managing its production costs and pricing strategies to enhance profitability. Overall, this upward trend in gross profit margin reflects positively on the company's operational performance and potential for generating higher profits in the future.
Peer comparison
Dec 31, 2023