Vulcan Materials Company (VMC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,999,600 | 1,948,500 | 1,557,700 | 1,373,400 | 1,281,480 |
| Revenue | US$ in thousands | 7,417,700 | 7,781,900 | 7,315,200 | 5,552,200 | 4,856,830 |
| Gross profit margin | 26.96% | 25.04% | 21.29% | 24.74% | 26.39% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,999,600K ÷ $7,417,700K
= 26.96%
The gross profit margin of Vulcan Materials Company has shown fluctuations over the years based on the provided data.
- In December 31, 2020, the gross profit margin was 26.39%, indicating that the company retained 26.39% of its revenue after accounting for the cost of goods sold.
- By December 31, 2021, the gross profit margin slightly decreased to 24.74%, suggesting a slight reduction in profitability.
- The margin further declined to 21.29% by December 31, 2022, indicating that the company retained a lower percentage of revenue as gross profit.
- In December 31, 2023, the gross profit margin improved to 25.04%, showing a recovery in profitability.
- The most recent data as of December 31, 2024, reveals a higher gross profit margin of 26.96%, indicating an increase in the amount of revenue retained as gross profit.
Overall, the trend in Vulcan Materials Company's gross profit margin shows variability over the years, with some fluctuations reflecting changes in the company's ability to generate profits relative to its cost of goods sold. It is important for the company to closely monitor and analyze these fluctuations to ensure sustained profitability and operational efficiency.
Peer comparison
Dec 31, 2024