Resideo Technologies Inc (REZI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,901,000 | 1,696,000 | 1,766,000 | 1,561,000 | 1,313,000 |
| Revenue | US$ in thousands | 6,761,000 | 6,242,000 | 6,370,000 | 5,846,000 | 5,071,000 |
| Gross profit margin | 28.12% | 27.17% | 27.72% | 26.70% | 25.89% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,901,000K ÷ $6,761,000K
= 28.12%
To analyze Resideo Technologies Inc's gross profit margin over the years, we observe a steady improvement trend from 2020 to 2024. The gross profit margin increased gradually from 25.89% in 2020 to 28.12% in 2024. This indicates the company's ability to effectively manage its production costs and generate more revenue from its core business activities. The consistent increase in gross profit margin reflects positively on Resideo Technologies Inc's profitability and operational efficiency during the period under review.