Gentherm Inc (THRM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 366,431 | 351,624 | 273,650 | 303,631 | 268,104 |
| Revenue | US$ in thousands | 1,452,030 | 1,447,650 | 1,192,770 | 1,044,070 | 902,575 |
| Gross profit margin | 25.24% | 24.29% | 22.94% | 29.08% | 29.70% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $366,431K ÷ $1,452,030K
= 25.24%
The gross profit margin of Gentherm Inc has shown fluctuations over the past five years. Starting at 29.70% on December 31, 2020, the margin decreased to 29.08% by December 31, 2021. However, there was a more significant decline to 22.94% by December 31, 2022. Subsequently, there was a slight improvement as the margin increased to 24.29% by December 31, 2023, and further to 25.24% by December 31, 2024.
The decrease in the gross profit margin between 2021 and 2022 may indicate potential challenges in managing production costs or pricing strategies. However, the subsequent improvements in 2023 and 2024 suggest that the company may have implemented measures to address these issues and optimize its profitability.
It is essential for Gentherm Inc to continue monitoring and analyzing its gross profit margin trends to ensure sustainable financial performance and make informed decisions regarding pricing, cost control, and overall operational efficiency.
Peer comparison
Dec 31, 2024