Gibraltar Industries Inc (ROCK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 361,966 | 318,694 | 290,011 | 256,343 | 219,897 |
| Revenue | US$ in thousands | 1,377,740 | 1,389,970 | 1,339,780 | 1,032,580 | 898,233 |
| Gross profit margin | 26.27% | 22.93% | 21.65% | 24.83% | 24.48% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $361,966K ÷ $1,377,740K
= 26.27%
The gross profit margin of Gibraltar Industries Inc. has shown a positive trend over the past five years, indicating an improvement in the company's ability to generate profits from its core operations. In 2023, the gross profit margin reached 26.27%, a notable increase from the previous year's 22.93%. This upward trajectory suggests that the company has been effectively managing its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The consistent growth in gross profit margin since 2021 demonstrates Gibraltar Industries Inc.'s enhanced efficiency and profitability in its production and sales activities.
Peer comparison
Dec 31, 2023