Solventum Corp. (SOLV)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,593,000 | 4,693,000 | 4,695,000 | 4,923,000 | 4,315,000 |
| Revenue | US$ in thousands | 8,254,000 | 8,197,000 | 8,130,000 | 8,171,000 | 7,281,000 |
| Gross profit margin | 55.65% | 57.25% | 57.75% | 60.25% | 59.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,593,000K ÷ $8,254,000K
= 55.65%
The gross profit margin of Solventum Corp. has shown a generally positive trend over the years, starting at 59.26% in December 2020 and reaching its peak at 60.25% by December 2021. However, there was a slight decline in the gross profit margin to 57.75% in December 2022, followed by a further decrease to 57.25% by December 2023. The most significant drop occurred in December 2024 when the gross profit margin declined to 55.65%.
Overall, Solventum Corp.'s gross profit margin indicates that the company is efficiently managing its production costs and generating profits from its core business activities. However, the recent downward trend in the gross profit margin may suggest potential challenges in maintaining profitability, and further analysis into the company's cost structure and pricing strategies may be warranted to address these concerns.
Peer comparison
Dec 31, 2024