Trimble Inc (TRMB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,493,200 | 2,229,200 | 2,105,600 | 2,034,700 | 1,754,900 |
| Revenue | US$ in thousands | 3,683,300 | 3,798,700 | 3,676,300 | 3,659,100 | 3,147,700 |
| Gross profit margin | 67.69% | 58.68% | 57.27% | 55.61% | 55.75% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,493,200K ÷ $3,683,300K
= 67.69%
Trimble Inc's gross profit margin has shown a positive trend over the past five years, increasing from 55.75% as of December 31, 2020, to 67.69% as of December 31, 2024. This indicates that the company has been effectively managing its cost of goods sold and maximizing its profitability on sales. The rising trend in gross profit margin demonstrates improved operational efficiency and pricing strategies. It suggests that Trimble Inc has been successful in controlling production costs while maintaining or increasing sales prices, leading to an expanding gross margin percentage. This positive trajectory is a promising sign for the company's financial health and may indicate sustainable growth and profitability in the future.
Peer comparison
Dec 31, 2024