O’Reilly Automotive Inc (ORLY)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	8,104,800	7,381,710	7,019,950	6,085,690	5,394,690
Revenue	US$ in thousands	15,613,100	14,256,600	13,182,300	11,440,400	10,003,700
Gross profit margin		51.91%	51.78%	53.25%	53.19%	53.93%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $8,104,800K ÷ $15,613,100K
= 51.91%

The gross profit margin of O`Reilly Automotive, Inc. has exhibited a slight fluctuation over the past five years. At the end of December 2023, the gross profit margin stood at 51.26%, which was similar to the margin in 2022 at 51.23%. However, this figure was lower compared to 2021, where the gross profit margin was 52.67%. The trend continued from 2020, which also had a slightly higher gross profit margin of 52.44%. The highest gross profit margin was recorded at the end of December 2019, standing at 53.15%. Overall, the trend suggests that O`Reilly Automotive, Inc. has maintained relatively stable gross profit margins over the past five years, with only minor fluctuations observed.