MSA Safety (MSA)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 860,445 852,138 673,831 615,348 590,448
Revenue US$ in thousands 1,808,140 1,787,650 1,527,950 1,400,180 1,348,220
Gross profit margin 47.59% 47.67% 44.10% 43.95% 43.79%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $860,445K ÷ $1,808,140K
= 47.59%

The gross profit margin for MSA Safety has shown a consistent upward trend over the years from 2020 to 2024, starting at 43.79% in 2020 and increasing to 47.59% in 2024. This indicates that the company has been able to effectively manage its production costs and markup on goods sold, resulting in a higher percentage of revenue retained as gross profit. The steady improvement in the gross profit margin reflects positively on MSA Safety's operational efficiency and pricing strategy, suggesting an ability to generate more profit from each sale.