Owens & Minor Inc (OMI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,125,160 | 1,826,350 | 1,513,230 | 1,280,830 | 1,128,490 |
| Revenue | US$ in thousands | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 | 9,210,940 |
| Gross profit margin | 20.56% | 18.35% | 15.46% | 15.10% | 12.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,125,160K ÷ $10,334,000K
= 20.56%
Owens & Minor, Inc. has shown a consistent improvement in its gross profit margin over the past five years. The gross profit margin increased from 12.25% in 2019 to 20.56% in 2023, reflecting a positive trend in the company's ability to generate more revenue after accounting for the cost of goods sold. This signifies an enhancement in the company's pricing strategy, cost management, or product mix. Overall, the rising trend in the gross profit margin indicates an improved efficiency in Owens & Minor's operations and a potentially stronger financial performance.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Owens & Minor Inc
OMI
20.56%
Henry Schein Inc
HSIC
31.51%
Patterson Companies Inc
PDCO
21.01%