Vontier Corp (VNT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,296,000 | 1,428,300 | 1,333,100 | 1,188,100 |
| Revenue | US$ in thousands | 3,081,000 | 3,083,800 | 2,921,100 | 2,671,300 |
| Gross profit margin | 74.52% | 46.32% | 45.64% | 44.48% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,296,000K ÷ $3,081,000K
= 74.52%
Vontier Corporation's gross profit margin has shown a positive trend over the past five years, increasing steadily from 42.96% in 2019 to 46.24% in 2023. This improvement indicates the company's ability to effectively manage its production costs and generate a higher proportion of revenue as gross profit. The positive trajectory of the gross profit margin suggests that Vontier has been successful in optimizing its pricing strategies, controlling direct costs, or increasing the efficiency of its operations. Overall, the rising trend in the gross profit margin is a positive indicator of the company's profitability and operational performance during this period.
Peer comparison
Dec 31, 2023