Visteon Corp (VC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 531,000 | 487,000 | 368,000 | 254,000 | 245,000 |
| Revenue | US$ in thousands | 3,866,000 | 3,954,000 | 3,756,000 | 2,773,000 | 2,548,000 |
| Gross profit margin | 13.74% | 12.32% | 9.80% | 9.16% | 9.62% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $531,000K ÷ $3,866,000K
= 13.74%
The gross profit margin of Visteon Corp has shown a mixed trend over the years based on the data provided. Starting at 9.62% in December 2020, the margin slightly decreased to 9.16% by December 2021. However, there was a notable improvement in December 2022 as the margin increased to 9.80%. Subsequently, there was a significant rise in December 2023 with the margin reaching 12.32%, indicating a positive trend. Finally, by December 2024, the gross profit margin further improved to 13.74%, showcasing a healthy increase.
Overall, the trend in the gross profit margin of Visteon Corp demonstrates fluctuations in the initial years followed by a substantial improvement in the later years, reflecting potential enhancements in the company's cost management strategies or revenue generation processes.
Peer comparison
Dec 31, 2024