Westinghouse Air Brake Technologies Corp (WAB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,366,000 | 2,944,000 | 2,540,000 | 2,369,000 | 2,137,000 |
| Revenue | US$ in thousands | 10,364,000 | 9,432,000 | 8,179,000 | 7,657,000 | 7,339,800 |
| Gross profit margin | 32.48% | 31.21% | 31.06% | 30.94% | 29.12% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,366,000K ÷ $10,364,000K
= 32.48%
Westinghouse Air Brake Technologies Corp has shown a consistent improvement in its gross profit margin over the past five years. Starting at 29.12% as of December 31, 2020, the company managed to increase its gross profit margin to 32.48% by December 31, 2024. This upward trend indicates a positive performance and efficiency in managing its production costs and generating revenue from its core operations. The company's ability to steadily improve its gross profit margin suggests effective cost control measures and potentially increased pricing power in its market. Overall, the consecutive growth in gross profit margin reflects a healthier financial position and operational strength for Westinghouse Air Brake Technologies Corp.
Peer comparison
Dec 31, 2024