Enpro Industries (NPO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 444,800 | 426,800 | 423,300 | 436,600 | 375,800 |
| Revenue | US$ in thousands | 1,048,700 | 1,059,300 | 1,099,200 | 1,141,800 | 1,074,000 |
| Gross profit margin | 42.41% | 40.29% | 38.51% | 38.24% | 34.99% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $444,800K ÷ $1,048,700K
= 42.41%
The gross profit margin of Enpro Industries has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. It increased from 34.99% in 2020 to 42.41% in 2024, indicating an improvement in the company's ability to generate profit from its core business operations. This upward trajectory suggests that Enpro Industries has been able to effectively manage its production costs and price its products competitively in the market, leading to higher profitability over time. The consistent rise in gross profit margin reflects the company's strong operational efficiency and potential for sustainable growth in the future.