Terex Corporation (TEX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,068,000 | 1,177,000 | 871,200 | 757,400 | 539,300 |
| Revenue | US$ in thousands | 5,127,000 | 5,152,000 | 4,417,700 | 3,886,800 | 3,076,400 |
| Gross profit margin | 20.83% | 22.85% | 19.72% | 19.49% | 17.53% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,068,000K ÷ $5,127,000K
= 20.83%
Based on the data provided, Terex Corporation's gross profit margin has shown a general upward trend over the five-year period from 2020 to 2024. The margin increased from 17.53% in 2020 to 20.83% in 2024.
In 2021, there was a notable improvement in the gross profit margin to 19.49%, followed by a further increase to 19.72% in 2022. The most significant jump occurred in 2023 when the gross profit margin surged to 22.85%, indicating a strong performance in managing the cost of goods sold.
However, there was a slight decline in the gross profit margin in 2024 to 20.83%, potentially signaling some challenges or changes in the company's cost structure or pricing strategies during that year.
Overall, the increasing trend in Terex Corporation's gross profit margin reflects the company's ability to generate more profit from its sales after deducting the costs directly associated with producing the goods or services sold. This could suggest improvements in production efficiency, better pricing strategies, or effective cost controls during the period under review.