Polaris Industries Inc (PII)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,466,800 | 1,959,900 | 1,959,500 | 1,942,700 | 1,710,200 |
| Revenue | US$ in thousands | 7,175,400 | 8,934,400 | 8,589,000 | 8,198,200 | 7,027,900 |
| Gross profit margin | 20.44% | 21.94% | 22.81% | 23.70% | 24.33% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,466,800K ÷ $7,175,400K
= 20.44%
The gross profit margin of Polaris Industries Inc has exhibited a declining trend over the past five years. Starting at 24.33% on December 31, 2020, it gradually decreased to 20.44% by December 31, 2024. This downward trajectory indicates a potential weakening in the company's ability to generate profits from its core business operations after accounting for the cost of goods sold. It is essential for Polaris Industries Inc to closely monitor and address factors impacting its gross profit margin to sustain its financial performance and competitiveness in the market.