Rogers Corporation (ROG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 307,100 | 321,000 | 349,139 | 291,820 | 314,292 |
| Revenue | US$ in thousands | 902,700 | 959,464 | 934,230 | 796,307 | 890,491 |
| Gross profit margin | 34.02% | 33.46% | 37.37% | 36.65% | 35.29% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $307,100K ÷ $902,700K
= 34.02%
The gross profit margin for Rogers Corp. has shown some fluctuations over the past five years. In 2023, the gross profit margin stands at 33.81%, which represents a slight increase compared to the previous year's margin of 33.05%. However, it is lower than the margins recorded in 2021 and 2020, which were 37.43% and 36.36%, respectively. The lowest margin in the period was in 2019 at 34.99%.
Overall, the trend in the gross profit margin for Rogers Corp. has been somewhat inconsistent, with fluctuations occurring from year to year. Further analysis and consideration of the company's operating expenses and revenue generation may provide additional insights into the factors influencing these variations.
Peer comparison
Dec 31, 2023