Simpson Manufacturing Company Inc (SSD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,043,760 | 941,293 | 755,030 | 576,384 | 492,130 |
| Revenue | US$ in thousands | 2,207,600 | 2,106,880 | 1,564,670 | 1,265,190 | 1,139,370 |
| Gross profit margin | 47.28% | 44.68% | 48.25% | 45.56% | 43.19% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,043,760K ÷ $2,207,600K
= 47.28%
Simpson Manufacturing Co., Inc.'s gross profit margin has demonstrated a generally increasing trend over the past five years, indicating improved efficiency in generating profits from its sales. The margin rose from 43.30% in 2019 to 47.15% in 2023. This progression suggests the company has been effectively managing its production costs or commanding higher prices for its products. The year-over-year fluctuations show some variability, with the margin peaking in 2021 at 47.99% before a slight dip in 2022. Overall, the consistently positive gross profit margin signifies that Simpson Manufacturing has maintained a healthy level of profitability relative to its cost of goods sold during the period under review.
Peer comparison
Dec 31, 2023