MaxLinear Inc (MXL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 385,663 | 649,769 | 495,832 | 212,798 | 167,685 |
| Revenue | US$ in thousands | 693,263 | 1,120,250 | 892,398 | 478,596 | 317,180 |
| Gross profit margin | 55.63% | 58.00% | 55.56% | 44.46% | 52.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $385,663K ÷ $693,263K
= 55.63%
The gross profit margin of MaxLinear Inc has exhibited some fluctuations over the past five years. In 2019, the gross profit margin was 52.87%, and it slightly increased to 55.56% in 2021 before reaching its peak at 58.00% in 2022. However, in 2023, there was a decrease to 55.63%. The steady improvement from 2019 to 2022 suggests effective cost management and efficient production processes. However, the dip in 2023 raises potential concerns about the company's ability to maintain consistent profitability. Further analysis of the company's cost structures and pricing strategies may be necessary to understand the reasons behind this fluctuation in the gross profit margin.
Peer comparison
Dec 31, 2023