Ufp Industries Inc (UFPI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,226,740 | 1,418,940 | 1,789,460 | 1,406,970 | 800,296 |
| Revenue | US$ in thousands | 6,652,310 | 7,218,380 | 9,626,740 | 8,636,130 | 5,154,000 |
| Gross profit margin | 18.44% | 19.66% | 18.59% | 16.29% | 15.53% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,226,740K ÷ $6,652,310K
= 18.44%
Ufp Industries Inc has exhibited a positive trend in its gross profit margin over the past five years. The margin has shown improvement from 15.53% as of December 31, 2020, to 18.44% as of December 31, 2024. Notably, there was a steady increase in the margin each year, reaching a peak of 19.66% as of December 31, 2023. This indicates that the company has been able to effectively manage its production costs and pricing strategies to enhance profitability. However, there was a slight dip in the margin in the most recent year, dropping to 18.44%, which could warrant further investigation to understand the underlying reasons for this decline. Overall, the increasing trend in the gross profit margin demonstrates Ufp Industries Inc's ability to generate more profit from its core business operations over the years.