Ultra Clean Holdings Inc (UCTT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 356,300 | 277,300 | 465,000 | 430,000 | 291,800 |
| Revenue | US$ in thousands | 2,097,600 | 1,734,500 | 2,374,300 | 2,101,600 | 1,398,600 |
| Gross profit margin | 16.99% | 15.99% | 19.58% | 20.46% | 20.86% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $356,300K ÷ $2,097,600K
= 16.99%
Ultra Clean Holdings Inc's gross profit margin has shown a slight decline over the past few years. As of December 31, 2020, the gross profit margin stood at 20.86%, and it decreased to 20.46% by December 31, 2021. However, a more significant drop was observed by December 31, 2023, when the gross profit margin fell to 15.99%. Although there was a slight improvement by December 31, 2024, with the margin at 16.99%, it indicates a general downward trend in the company's ability to generate profits from its core business activities. Further analysis of the underlying reasons for this decline would be necessary to determine the overall financial health and performance of Ultra Clean Holdings Inc.
Peer comparison
Dec 31, 2024