Mettler-Toledo International Inc (MTD)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	2,241,290	2,308,040	2,171,550	1,801,030	1,741,210
Revenue	US$ in thousands	3,788,310	3,919,710	3,717,930	3,085,180	3,008,650
Gross profit margin		59.16%	58.88%	58.41%	58.38%	57.87%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,241,290K ÷ $3,788,310K
= 59.16%

The gross profit margin of Mettler-Toledo International, Inc. has shown a consistent upward trend over the past five years. From 57.87% in 2019, the margin has steadily increased each year, reaching 59.16% by the end of 2023. This indicates that the company has been effectively managing its production costs and pricing strategies to improve profitability on each dollar of sales generated. The consecutive improvements in gross profit margin demonstrate the company's ability to efficiently control its direct costs of goods sold while potentially benefiting from pricing power and economies of scale. Overall, the upward progression in the gross profit margin reflects positively on Mettler-Toledo International's operational efficiency and ability to generate profits from its core business activities.