SPX Corp (SPXC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 799,400 | 670,000 | 523,900 | 431,800 | 478,900 |
| Revenue | US$ in thousands | 1,983,900 | 1,741,200 | 1,460,900 | 1,219,500 | 1,559,500 |
| Gross profit margin | 40.29% | 38.48% | 35.86% | 35.41% | 30.71% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $799,400K ÷ $1,983,900K
= 40.29%
The gross profit margin of SPX Corp has shown a positive trend over the years, increasing from 30.71% as of December 31, 2020, to 40.29% as of December 31, 2024. This indicates that the company has been able to generate a higher percentage of revenue after deducting the cost of goods sold. The consistently improving gross profit margin reflects efficient cost management, pricing strategies, and potentially better control over production costs. The increase in the margin signifies enhanced profitability and operational effectiveness over the years, which is a positive indicator for the company's financial health and performance.
Peer comparison
Dec 31, 2024