Enpro Industries (NPO)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 426,800 | 423,300 | 328,100 | 285,500 | 403,800 |
| Revenue | US$ in thousands | 1,013,100 | 1,067,900 | 1,259,100 | 1,052,000 | 1,171,800 |
| Gross profit margin | 42.13% | 39.64% | 26.06% | 27.14% | 34.46% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $426,800K ÷ $1,013,100K
= 42.13%
The gross profit margin of Enpro Inc has shown a positive trend over the past five years, reflecting an increasing profitability in its core operations. The margin has steadily improved from 33.49% in 2019 to 40.29% in 2023. This indicates that Enpro Inc has been effectively managing its production costs and pricing strategies to enhance its gross profit margins. Overall, the rising trend in gross profit margin suggests that Enpro Inc has been successful in generating more gross profit relative to its revenues over the years.