Bristow Group Inc (VTOL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Mar 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 883,434 | 749,502 | 210,815 | 907,733 | 191,809 |
| Revenue | US$ in thousands | 1,415,490 | 1,297,430 | 1,230,090 | 1,185,200 | 1,185,200 |
| Gross profit margin | 62.41% | 57.77% | 17.14% | 76.59% | 16.18% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $883,434K ÷ $1,415,490K
= 62.41%
Bristow Group Inc's gross profit margin has shown significant fluctuations over the years based on the provided data. The gross profit margin was 16.18% as of December 31, 2021, indicating a lower margin which may suggest tight cost control or pricing pressures. However, the margin significantly improved to 76.59% by March 31, 2022, reflecting a substantial increase in profitability, potentially due to operational efficiencies or a change in business strategy.
Subsequently, the gross profit margin decreased to 17.14% by December 31, 2022, indicating a decline in profitability compared to the previous period. However, the margin experienced a notable recovery to 57.77% by December 31, 2023, suggesting a positive trend in profitability, possibly driven by improved sales volume or pricing strategies.
As of December 31, 2024, the gross profit margin further improved to 62.41%, indicating continued progress in generating profits from sales after the previous year's recovery. Overall, the fluctuations in Bristow Group Inc's gross profit margin over the years highlight the company's ability to adapt to changing market conditions and optimize its cost structures to enhance profitability.