Zurn Elkay Water Solutions Corporation (ZWS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 707,000 | 648,100 | 465,500 | 373,200 | 322,600 |
| Revenue | US$ in thousands | 1,565,100 | 1,530,500 | 1,281,800 | 910,900 | 2,068,300 |
| Gross profit margin | 45.17% | 42.35% | 36.32% | 40.97% | 15.60% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $707,000K ÷ $1,565,100K
= 45.17%
Based on the data provided, the gross profit margin of Zurn Elkay Water Solutions Corporation has shown a significant improvement over the years. In March 31, 2020, the company reported a gross profit margin of 15.60%, which indicates that for every dollar of revenue generated, 15.60 cents were retained as gross profit.
The gross profit margin increased steadily to 40.97% by December 31, 2021, reflecting an enhanced efficiency in managing production costs and an increase in pricing power. This upward trend continued as the gross profit margin reached 36.32% by December 31, 2022, and further improved to 42.35% by December 31, 2023.
Notably, by December 31, 2024, the company achieved its highest gross profit margin of 45.17%, indicating that the company was able to generate more profit from each dollar of sales revenue. This improvement signifies better cost control, pricing strategies, and possibly economies of scale.
Overall, the increasing trend in Zurn Elkay Water Solutions Corporation's gross profit margin suggests that the company has been effectively managing its production costs, maintaining competitive pricing strategies, and enhancing operational efficiency over the years. This positive momentum in gross profit margin is a favorable sign of the company's improving financial health and profitability.
Peer comparison
Dec 31, 2024