Martin Marietta Materials Inc (MLM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,878,000 | 2,022,600 | 1,423,300 | 1,348,400 | 1,252,800 |
| Revenue | US$ in thousands | 6,536,000 | 6,777,200 | 6,160,700 | 5,414,000 | 4,729,900 |
| Gross profit margin | 28.73% | 29.84% | 23.10% | 24.91% | 26.49% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,878,000K ÷ $6,536,000K
= 28.73%
The gross profit margin of Martin Marietta Materials Inc has been showing some fluctuations over the past five years. As of December 31, 2020, the gross profit margin stood at 26.49%, which decreased slightly to 24.91% by December 31, 2021. Subsequently, by December 31, 2022, the margin further declined to 23.10%.
However, there was a significant improvement in the gross profit margin by December 31, 2023, rising to 29.84%. This positive trend continued into the following year, with the margin increasing to 28.73% by December 31, 2024.
Overall, the gross profit margin of Martin Marietta Materials Inc has displayed some variability over the years, reflecting changes in the company's pricing strategies, cost of goods sold, and overall efficiency in generating profits from its operations. The recent uptick in the margin suggests an improvement in the company's ability to generate profit from its core business activities.
Peer comparison
Dec 31, 2024