NXP Semiconductors NV (NXPI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,553,000 | 7,517,000 | 6,067,000 | 4,235,000 | 4,618,000 |
| Revenue | US$ in thousands | 13,276,000 | 13,205,000 | 11,063,000 | 8,612,000 | 8,877,000 |
| Gross profit margin | 56.89% | 56.93% | 54.84% | 49.18% | 52.02% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,553,000K ÷ $13,276,000K
= 56.89%
The gross profit margin for NXP Semiconductors NV has exhibited fluctuations over the past five years. The margin was relatively stable in 2022 and 2023, hovering around the mid-50% range. However, there was a notable increase from 2020 to 2021, where the margin improved to 54.84% from 49.18%. This suggests the company managed to enhance its gross profitability during that period. The margin was highest in 2019 at 52.02%, indicating strong performance that year. Overall, the trend in the gross profit margin for NXP Semiconductors NV demonstrates variability, but generally staying within a respectable range for a semiconductor company.
Peer comparison
Dec 31, 2023