Simpson Manufacturing Company Inc (SSD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,025,850 | 1,043,760 | 941,293 | 755,030 | 576,384 |
| Revenue | US$ in thousands | 2,230,640 | 2,207,600 | 2,106,880 | 1,564,670 | 1,265,190 |
| Gross profit margin | 45.99% | 47.28% | 44.68% | 48.25% | 45.56% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,025,850K ÷ $2,230,640K
= 45.99%
Simpson Manufacturing Company Inc's gross profit margin has shown fluctuation over the past five years. Starting at 45.56% in December 2020, it increased to 48.25% by the end of 2021, indicating improved efficiency in generating profits from sales. However, in the following years, the margin slightly declined to 44.68% in 2022, but then increased again to 47.28% in 2023 and settled at 45.99% by the end of 2024.
Overall, the company has managed to maintain a relatively stable gross profit margin range, showcasing its ability to effectively control production costs and generate profits from its core operations. It would be beneficial for Simpson Manufacturing Company Inc to further analyze the factors contributing to the fluctuations in its gross profit margin to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2024