Mercantile Bank CorporationMBWMNASDAQ
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Gross Profit Growth Under Pressure
Trending lower, below historical average, structural decline.
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Year-over-year gross profit growth rate
Latest
2.79%
↓ 72% below average
Average (9y)
9.84%
Historical baseline
Range
High:30.18%
Low:0.13%
CAGR
-23.2%
Structural decline
| Period | Value |
|---|---|
| 2024 | 2.79% |
| 2023 | 18.62% |
| 2022 | 0.13% |
| 2021 | 19.66% |
| 2020 | 2.42% |
| 2019 | 8.51% |
| 2018 | 9.69% |
| 2017 | 1.45% |
| 2016 | 4.90% |
| 2015 | 30.18% |