Envista Holdings Corp (NVST)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,372,700 | 1,440,500 | 1,474,800 | 1,426,500 | 1,054,800 |
| Revenue | US$ in thousands | 2,507,800 | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 |
| Gross profit margin | 54.74% | 56.13% | 57.41% | 56.86% | 54.68% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,372,700K ÷ $2,507,800K
= 54.74%
The gross profit margin of Envista Holdings Corp has shown a generally increasing trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 54.68% in 2020, the margin increased to 56.86% in 2021, further rising to 57.41% in 2022, before experiencing a slight decline to 56.13% in 2023. In 2024, the gross profit margin decreased slightly to 54.74%.
Overall, the company has managed to maintain a relatively healthy gross profit margin throughout the period, showcasing its ability to efficiently control direct costs associated with producing goods or services. While there was a slight dip in 2023 and 2024, the margins remained at levels that indicate effective cost management and pricing strategies. Further analysis into the factors driving these fluctuations could provide insights into the company's operational efficiency and competitiveness within its industry.
Peer comparison
Dec 31, 2024