Zurn Elkay Water Solutions Corporation (ZWS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Mar 31, 2020 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 648,100 | 465,500 | 373,200 | 322,600 | 784,800 |
| Revenue | US$ in thousands | 1,530,500 | 1,281,800 | 910,900 | 2,068,300 | 2,050,900 |
| Gross profit margin | 42.35% | 36.32% | 40.97% | 15.60% | 38.27% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $648,100K ÷ $1,530,500K
= 42.35%
The gross profit margin of Zurn Elkay Water Solutions Corporation has shown fluctuations over the past five years. In 2023, the company achieved a gross profit margin of 42.35%, reflecting an improvement compared to 2022 (36.32%) and 2021 (40.97%). This indicates that the company was able to increase its profitability in 2023 through effective cost management or pricing strategies.
However, it is noteworthy that in March 2020, the gross profit margin dropped significantly to 15.60%, which may have been influenced by external factors such as the global pandemic or specific industry challenges during that time. Nonetheless, the company managed to recover and improve its gross profit margin to 38.27% in 2019.
Overall, the trend in gross profit margin suggests that Zurn Elkay Water Solutions Corporation has been able to adapt and improve its profitability over the years, with 2023 showing a particularly strong performance in this aspect.
Peer comparison
Dec 31, 2023