Regal Beloit Corporation (RRX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,191,000 | 2,067,300 | 1,669,700 | 1,085,700 | 808,700 |
| Revenue | US$ in thousands | 6,033,800 | 6,250,700 | 5,217,900 | 3,810,300 | 2,907,000 |
| Gross profit margin | 36.31% | 33.07% | 32.00% | 28.49% | 27.82% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,191,000K ÷ $6,033,800K
= 36.31%
The gross profit margin of Regal Beloit Corporation has exhibited a positive trend over the past five years, increasing from 27.82% as of December 31, 2020, to 36.31% as of December 31, 2024. This signifies an improvement in the company's ability to generate profits from its core business operations while efficiently managing its production costs. The consistent growth in the gross profit margin reflects positively on the company's pricing strategy, cost control measures, and overall operational efficiency. This upward trajectory indicates the company's strong competitive position and its ability to create value for shareholders through enhanced profitability.
Peer comparison
Dec 31, 2024