Teleflex Incorporated (TFX)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,702,680	1,646,930	1,531,090	1,549,600	1,324,870
Revenue	US$ in thousands	3,047,320	2,974,490	2,791,040	2,809,560	2,537,160
Gross profit margin		55.87%	55.37%	54.86%	55.15%	52.22%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,702,680K ÷ $3,047,320K
= 55.87%

Teleflex Incorporated has shown a steady improvement in its gross profit margin over the past five years. Starting at 52.22% in December 2020, the gross profit margin increased to 55.87% by December 2024. This indicates that the company has been able to effectively manage its cost of goods sold and production expenses while maintaining or increasing its sales revenue during this period. The consistent rise in the gross profit margin reflects stronger operational efficiency and potentially effective pricing strategies. Overall, the trend suggests that Teleflex has been successful in generating more profit from its core business activities over the years.