Motorola Solutions Inc (MSI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,970,000 | 4,229,000 | 4,040,000 | 3,608,000 | 3,931,000 |
| Revenue | US$ in thousands | 9,701,000 | 8,868,000 | 7,942,000 | 7,223,000 | 7,574,000 |
| Gross profit margin | 51.23% | 47.69% | 50.87% | 49.95% | 51.90% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,970,000K ÷ $9,701,000K
= 51.23%
The gross profit margin of Motorola Solutions Inc has fluctuated over the past five years. In 2023, the gross profit margin improved to 49.81%, indicating that the company was able to generate more profit from its sales after accounting for the cost of goods sold. This represents a positive trend compared to 2022 when the gross profit margin was 46.41%.
Looking back further, the gross profit margin was relatively stable in 2021 at 49.44% and in 2020 at 48.66%. In 2019, the company had the highest gross profit margin at 49.84%. Overall, the fluctuation in the gross profit margin suggests varying levels of efficiency in managing production costs and pricing strategies over the years. To assess the company's performance further, it would be beneficial to analyze the factors influencing these changes in the gross profit margin.
Peer comparison
Dec 31, 2023