Mettler-Toledo International Inc (MTD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,325,580 | 2,241,290 | 2,308,040 | 2,171,550 | 1,801,030 |
| Revenue | US$ in thousands | 3,872,360 | 3,788,310 | 3,919,710 | 3,717,930 | 3,085,180 |
| Gross profit margin | 60.06% | 59.16% | 58.88% | 58.41% | 58.38% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,325,580K ÷ $3,872,360K
= 60.06%
Mettler-Toledo International Inc has demonstrated a consistent improvement in its gross profit margin over the years, with a gradual increase from 58.38% as of December 31, 2020, to 60.06% as of December 31, 2024. This indicates the company's ability to efficiently manage its production costs and generate higher profits from its sales. The rising trend in the gross profit margin reflects positively on the company's pricing strategy, cost control measures, and operational efficiency. Overall, Mettler-Toledo International Inc's increasing gross profit margin signifies a healthy financial performance and improved profitability over the years.
Peer comparison
Dec 31, 2024