TTM Technologies Inc (TTMI)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	477,375	413,268	457,965	372,011	359,023
Revenue	US$ in thousands	2,442,750	2,232,570	2,495,050	2,248,740	2,105,320
Gross profit margin		19.54%	18.51%	18.35%	16.54%	17.05%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $477,375K ÷ $2,442,750K
= 19.54%

The gross profit margin of TTM Technologies Inc has shown a fluctuating trend over the past five years. Starting at 17.05% in December 2020, it dipped slightly to 16.54% by December 2021. However, the margin increased notably in the following years, reaching 18.35% by December 2022 and further improving to 18.51% by December 2023. The most recent data point shows a significant improvement, with the gross profit margin expanding to 19.54% by December 2024. Overall, the company has demonstrated an upward trajectory in its gross profit margin, indicating an enhanced ability to generate profit from its core operations.