STAAR Surgical Company (STAA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 239,582 | 252,651 | 223,383 | 178,637 | 118,362 |
| Revenue | US$ in thousands | 313,901 | 322,415 | 284,391 | 230,472 | 163,460 |
| Gross profit margin | 76.32% | 78.36% | 78.55% | 77.51% | 72.41% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $239,582K ÷ $313,901K
= 76.32%
The gross profit margin of STAAR Surgical Company has shown a positive trend over the past five years, indicating the company's ability to effectively manage its production costs and generate profits from its core business activities.
Starting at 72.41% in December 31, 2020, the gross profit margin has steadily increased to reach 77.51% by December 31, 2021, further improving to 78.55% by December 31, 2022. Although there was a slight dip in the margin to 78.36% by December 31, 2023, the company managed to maintain a strong gross profit margin well above 70%.
However, by December 31, 2024, the gross profit margin decreased to 76.32%, which, while still robust, suggests a potential need for STAAR Surgical Company to focus on maintaining or potentially optimizing its cost efficiency in order to sustain its profitability levels. Overall, the company has demonstrated a strong performance in managing its production costs and generating profits, with room for potential improvement to ensure long-term financial health.
Peer comparison
Dec 31, 2024