Owens & Minor Inc (OMI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 21 | 2,125,160 | 1,826,350 | 1,513,230 | 1,280,830 |
| Revenue | US$ in thousands | 10,700,900 | 10,334,000 | 9,955,480 | 9,785,320 | 8,480,180 |
| Gross profit margin | 0.00% | 20.56% | 18.35% | 15.46% | 15.10% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $21K ÷ $10,700,900K
= 0.00%
Owens & Minor Inc's gross profit margin has shown a fluctuating trend over the past five years. In December 2020, the gross profit margin was recorded at 15.10%, which increased slightly to 15.46% by December 2021. Subsequently, there was a more significant improvement in the gross profit margin to 18.35% by December 2022, indicating better cost control or pricing strategies.
By December 2023, the company's gross profit margin further increased to 20.56%, reaching its peak during this period. However, in December 2024, the gross profit margin unexpectedly dropped to 0.00%, suggesting potential operational challenges or unusual circumstances impacting the company's profitability.
Overall, despite the fluctuations, the general trend of increasing gross profit margins from 2020 to 2023 reflects favorable financial performance and efficiency in managing production costs. The sudden decline in 2024 warrants further investigation to understand the underlying reasons and assess the company's financial health and operational effectiveness.
Peer comparison
Dec 31, 2024