Interface Inc (TILE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 482,948 | 441,069 | 437,733 | 432,733 | 410,574 |
| Revenue | US$ in thousands | 1,315,660 | 1,261,500 | 1,297,920 | 1,200,400 | 1,103,260 |
| Gross profit margin | 36.71% | 34.96% | 33.73% | 36.05% | 37.21% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $482,948K ÷ $1,315,660K
= 36.71%
Interface Inc's gross profit margin has shown some fluctuations over the years. In December 31, 2020, the gross profit margin stood at 37.21%, indicating that the company was retaining a relatively high percentage of its revenue after accounting for the cost of goods sold. However, by December 31, 2022, the gross profit margin had decreased to 33.73%, suggesting a decrease in the efficiency of the company's cost management or pricing strategies.
Subsequently, by December 31, 2024, the gross profit margin had increased to 36.71%, showing some improvement compared to the previous year. Overall, Interface Inc's gross profit margin has experienced variability, potentially influenced by factors such as changes in sales volume, input costs, or pricing strategies. Monitoring this ratio over time can provide valuable insights into the company's performance and profitability trends.
Peer comparison
Dec 31, 2024