Envista Holdings Corp (NVST)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,440,500 | 1,474,800 | 1,426,500 | 1,054,800 | 1,349,200 |
| Revenue | US$ in thousands | 2,566,500 | 2,569,100 | 2,508,900 | 1,929,100 | 2,284,800 |
| Gross profit margin | 56.13% | 57.41% | 56.86% | 54.68% | 59.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,440,500K ÷ $2,566,500K
= 56.13%
Envista Holdings Corp's gross profit margin has displayed some fluctuation over the past five years. The margin decreased from 54.99% in 2019 to 50.75% in 2020 before showing an upward trend in the subsequent years. In 2021, the gross profit margin slightly increased to 56.86% and then slightly decreased to 57.41% in 2022. However, in 2023, the margin decreased once again to 56.13%.
Overall, Envista Holdings Corp's gross profit margin has remained relatively stable within the range of approximately 50% to 58% over the past five years. This indicates that the company has been able to effectively manage its cost of goods sold and generate a reasonable level of gross profit relative to its sales revenue during this period. Further analysis may be necessary to understand the factors contributing to the fluctuations in the gross profit margin and assess the company's overall profitability and operational efficiency.
Peer comparison
Dec 31, 2023