Standard Motor Products Inc (SMP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 423,321 | 388,826 | 382,539 | 376,931 | 336,655 |
| Revenue | US$ in thousands | 1,463,850 | 1,358,270 | 1,371,820 | 1,298,820 | 1,128,590 |
| Gross profit margin | 28.92% | 28.63% | 27.89% | 29.02% | 29.83% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $423,321K ÷ $1,463,850K
= 28.92%
Standard Motor Products Inc's gross profit margin has been relatively stable over the past five years, starting at 29.83% in December 2020 and fluctuating within a range of approximately 1.94%. Despite some minor fluctuations, the trend shows a slight decrease over the period, with the margin reaching 28.92% by December 2024. This indicates that the company has been able to maintain a reasonable level of profitability from its core operations, although there has been a minor decline in the margin over the years. Standard Motor Products Inc should continue to monitor and analyze factors influencing its gross profit margin to ensure sustainable and efficient operations.
Peer comparison
Dec 31, 2024