Vontier Corp (VNT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,202,100 | 2,296,000 | 1,428,300 | 1,333,100 | 1,188,100 |
| Revenue | US$ in thousands | 2,970,600 | 3,081,000 | 3,083,800 | 2,921,100 | 2,671,300 |
| Gross profit margin | 74.13% | 74.52% | 46.32% | 45.64% | 44.48% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,202,100K ÷ $2,970,600K
= 74.13%
The gross profit margin of Vontier Corp has displayed an upward trend over the past five years, indicating an improvement in the company's operational efficiency and profitability.
From December 31, 2020, where the gross profit margin stood at 44.48%, to December 31, 2024, with a gross profit margin of 74.13%, there has been a consistent increase in the percentage of revenue retained after accounting for direct production costs.
The significant rise in the gross profit margin in 2023, reaching 74.52%, suggests a notable boost in the efficiency of Vontier Corp's cost management strategies or possibly an increase in the selling price of its products relative to production costs.
Overall, the trend of increasing gross profit margin reflects positively on the company's ability to generate profit from its core business activities and indicates potential strength in its competitive position within the industry.
Peer comparison
Dec 31, 2024