Sturm Ruger & Company Inc (RGR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 114,415 | 133,619 | 180,085 | 279,557 | 191,441 |
| Revenue | US$ in thousands | 535,643 | 543,767 | 595,842 | 730,736 | 568,868 |
| Gross profit margin | 21.36% | 24.57% | 30.22% | 38.26% | 33.65% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $114,415K ÷ $535,643K
= 21.36%
The gross profit margin of Sturm Ruger & Company Inc has shown fluctuations over the past five years. In December 2020, the gross profit margin stood at 33.65%, indicating that the company was able to retain 33.65% of its revenue after accounting for the cost of goods sold.
Subsequently, there was an improvement in December 2021, with the gross profit margin increasing to 38.26%, suggesting better cost management or pricing strategies. However, in the following years, there was a decline in the gross profit margin to 30.22% in December 2022, 24.57% in December 2023, and 21.36% in December 2024.
The decreasing trend in the gross profit margin could be attributed to various factors such as increased competition, rising costs of production, pricing pressures, or changes in consumer preferences. It is essential for the company to closely monitor and address these issues to ensure sustainable profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024