Revvity Inc. (RVTY)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,267,120 | 1,989,830 | 2,433,990 | 2,109,880 | 1,396,060 |
| Revenue | US$ in thousands | 2,750,570 | 3,311,820 | 3,827,810 | 3,782,740 | 2,883,670 |
| Gross profit margin | 46.07% | 60.08% | 63.59% | 55.78% | 48.41% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,267,120K ÷ $2,750,570K
= 46.07%
The gross profit margin of Revvity Inc. has shown variability over the past five years. In 2023, the gross profit margin was 55.98%, representing a decrease from the previous year's margin of 60.08%. Despite this decline, the margin still remains relatively strong compared to the levels seen in 2021 and 2020, which stood at 56.27% and 55.78% respectively. Notably, there was a significant improvement in the gross profit margin from 2019 to 2020, where it increased from 48.41% to 55.78%.
Overall, the gross profit margin of Revvity Inc. has exhibited fluctuations, reflecting changes in the company's ability to generate profit from its core business operations. Further in-depth analysis would be necessary to understand the factors driving these fluctuations and assess the company's overall profitability and efficiency in managing its cost of goods sold.
Peer comparison
Dec 31, 2023