Penumbra Inc (PEN)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	754,995	682,643	535,207	475,382	338,175
Revenue	US$ in thousands	1,194,620	1,058,520	847,133	747,590	560,412
Gross profit margin		63.20%	64.49%	63.18%	63.59%	60.34%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $754,995K ÷ $1,194,620K
= 63.20%

Penumbra Inc's gross profit margin has shown a positive trend over the years, increasing from 60.34% in December 31, 2020 to 63.20% in December 31, 2024. This indicates that the company has been able to effectively manage its production costs and improve its pricing strategies to generate a higher percentage of profit from its sales revenue. The steady improvement in gross profit margin suggests operational efficiency and potential competitive advantages within the industry. However, there was a slight dip in 2023 compared to the preceding year, which could signify temporary challenges in managing costs or pricing pressures. Overall, Penumbra Inc's gross profit margin performance reflects a healthy financial position and effective cost control measures.