Sitime Corporation (SITM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 104,494 | 82,088 | 182,962 | 139,462 | 57,932 |
| Revenue | US$ in thousands | 202,697 | 143,993 | 283,605 | 218,808 | 116,156 |
| Gross profit margin | 51.55% | 57.01% | 64.51% | 63.74% | 49.87% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $104,494K ÷ $202,697K
= 51.55%
The gross profit margin of Sitime Corporation has shown variability over the five years from December 31, 2020, to December 31, 2024. Starting at 49.87% in 2020, the margin increased steadily to 63.74% in 2021 and further to 64.51% in 2022, indicating improving efficiency in generating profits from sales. However, there was a slight decline in 2023 to 57.01%, which may suggest increased production costs or pricing pressures. In 2024, the gross profit margin decreased further to 51.55%, potentially signaling challenges in maintaining profitability. Overall, while the company experienced significant improvement initially, it faced some setbacks in recent years, highlighting the importance of monitoring and managing cost structures effectively.
Peer comparison
Dec 31, 2024