Impinj Inc (PI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 188,855 | 151,982 | 137,884 | 98,954 | 65,140 |
| Revenue | US$ in thousands | 366,087 | 302,856 | 254,853 | 189,633 | 135,412 |
| Gross profit margin | 51.59% | 50.18% | 54.10% | 52.18% | 48.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $188,855K ÷ $366,087K
= 51.59%
Impinj Inc's gross profit margin has shown a generally increasing trend over the five-year period from 2020 to 2024. The margin improved from 48.11% in December 2020 to 54.10% in December 2022, reflecting an upward trajectory in the company's ability to generate profit from its core business activities. However, there was a slight decline in the gross profit margin to 50.18% in December 2023, followed by a moderate increase to 51.59% in December 2024. Overall, the company has managed to maintain a healthy level of gross profit margin, indicating efficient cost management and pricing strategies in place during the period under review.
Peer comparison
Dec 31, 2024