Otter Tail Corporation (OTTR)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	822,219	834,997	925,515	704,420	884,954
Revenue	US$ in thousands	1,329,970	1,353,480	1,469,480	1,197,640	883,171
Gross profit margin		61.82%	61.69%	62.98%	58.82%	100.20%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $822,219K ÷ $1,329,970K
= 61.82%

The gross profit margin of Otter Tail Corporation has shown fluctuations over the years based on the provided data. In December 2020, the gross profit margin was exceptionally high at 100.20%. However, this figure significantly decreased to 58.82% by December 2021. Subsequently, there was a slight improvement as of December 2022, with the gross profit margin standing at 62.98%. The trend continued in December 2023 and December 2024, where the gross profit margins were 61.69% and 61.82%, respectively. These variations in the gross profit margin reflect changes in the company's ability to generate revenue after accounting for the cost of goods sold. Further analysis and comparison with industry standards may help in assessing the company's operational efficiency and profitability levels.