Name: Gross Profit Margin

Definition: Gross profit margin shows how much profit the company keeps from each dollar of sales after covering the direct cost of making its products or delivering services. High margins suggest strong pricing power or efficient production. Shrinking margins might mean rising costs or tougher competition eating into profits.

Interpretation:
• In '2021', GVA's gross profit margin was 10.4%, showing profitability after production and operational costs. Industry average for Military/Government/Technical in '2021' stood at 27.0%.
• In '2022', GVA's gross profit margin was 11.2%, showing profitability after production and operational costs. The increase since '2021' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2022' stood at 26.1%. Industry average declined by 0.8% from previous year.
• In '2023', GVA's gross profit margin was 11.3%, showing profitability after production and operational costs. The increase since '2022' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2023' stood at 26.0%. Industry average declined by 0.2% from previous year.
• In '2024', GVA's gross profit margin was 14.3%, showing profitability after production and operational costs. The increase since '2023' reflects strengthening financial performance. Industry average for Military/Government/Technical in '2024' stood at 25.0%. Industry average declined by 1.0% from previous year.
Overall, GVA's gross profit margin has been volatile but showed an upward trend over the past 4 years.

Formula: Gross Profit Margin = (Revenue - COGS) / Revenue

Good Range: Often 20%-60% depending on industry.