Solventum Corp. (SOLV)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,594,000 | 4,590,000 | 4,578,000 | 4,604,000 | 4,594,000 | 4,588,000 | 4,584,000 | 4,639,500 | 4,695,000 |
| Revenue (ttm) | US$ in thousands | 8,253,000 | 8,274,000 | 8,246,000 | 8,208,500 | 8,236,000 | 8,146,000 | 8,101,000 | 8,115,500 | 8,130,000 |
| Gross profit margin | 55.66% | 55.47% | 55.52% | 56.09% | 55.78% | 56.32% | 56.59% | 57.17% | 57.75% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,594,000K ÷ $8,253,000K
= 55.66%
Solventum Corp.'s gross profit margin has displayed a gradual decline over the period from December 31, 2022, to December 31, 2024. Starting at 57.75% in December 2022, the gross profit margin has decreased steadily to 55.66% by the end of December 2024. This trend suggests that the company is experiencing a slight decrease in its ability to generate profit from its core business operations after covering the costs associated with production. It would be essential for Solventum Corp. to closely monitor and analyze the factors contributing to this decline to ensure profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024