Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $16,537 | $18,871 | $22,096 | $23,091 | $23,487 |
| Gross Profit | $5,655 | $6,634 | $7,740 | $8,291 | $8,524 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$29 | $899 | $1,183 | $1,317 | $904 |
Over the five-year period, Genuine Parts Co. exhibited a steady increase in revenue and gross profit. Revenue grew from about 16.54 billion USD in 2020 to nearly 23.49 billion USD in 2024, representing an overall growth of roughly 42% over the period. Gross profit followed a similar upward trend, moving from approximately 5.65 billion USD to 8.52 billion USD. Notably, the most robust revenue and gross profit growth occurred between 2020 and 2022, with annual increases in revenue of about 14% and 17% respectively, indicating strong top-line performance in the recovery phase following a challenging 2020. However, the growth rate decelerated in later years—particularly from 2022 to 2024 where revenue and gross profit growth tapered to single digits and eventually marginal levels—suggesting that the momentum seen earlier in the period may be stabilizing. Net income trends show a marked turnaround and subsequent volatility. The company experienced a loss in 2020, with net income at -29.1 million USD, but by 2021 it had rebounded sharply to a positive 898.8 million USD. This recovery continued into 2022 and 2023, with net income growing to 1,182.7 million USD and 1,316.5 million USD respectively, indicating operational and perhaps cost efficiencies bolstering profitability. However, in 2024 net income dipped significantly to 904.1 million USD—a decline of over 30% from the previous year. Given that operating income is reported as zero throughout the period, this swing in net income may be driven by non-operating items or shifts in expenses not captured in operating performance measures. Overall, while Genuine Parts Co. has demonstrated strong revenue and gross profit growth with a successful recovery in net income after a loss in 2020, the recent significant drop in net income underscores the need for further examination of its cost structure and non-operational factors to assess the sustainability of its financial health.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.