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.
Peer comparison
Dec 31, 2024