AAON Inc (AAON)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 399,020 | 365,822 | 315,304 | 268,662 | 237,572 | 185,578 | 156,006 | 150,737 | 137,830 | 145,206 | 150,035 | 146,059 | 155,849 | 158,307 | 144,869 | 136,942 | 119,425 | 110,890 | 116,310 | 113,767 |
| Revenue (ttm) | US$ in thousands | 1,164,845 | 1,115,007 | 1,046,379 | 974,572 | 891,972 | 773,593 | 671,628 | 605,145 | 538,153 | 517,306 | 512,603 | 495,316 | 517,101 | 522,975 | 501,374 | 494,292 | 469,759 | 459,553 | 458,954 | 449,244 |
| Gross profit margin | 34.26% | 32.81% | 30.13% | 27.57% | 26.63% | 23.99% | 23.23% | 24.91% | 25.61% | 28.07% | 29.27% | 29.49% | 30.14% | 30.27% | 28.89% | 27.70% | 25.42% | 24.13% | 25.34% | 25.32% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $399,020K ÷ $1,164,845K
= 34.26%
AAON Inc.'s gross profit margin has shown a consistent upward trend over the past eight quarters, reflecting improved profitability in their core operations. The company's gross profit margin has steadily increased from 25.06% in Q1 2022 to 34.15% in Q4 2023, indicating a strong ability to control production costs and enhance pricing strategies. This upward trend suggests that AAON Inc. has been effectively managing its cost of goods sold and boosting its revenue generation efficiency. Overall, the continuous improvement in the gross profit margin indicates a positive financial performance for AAON Inc.
Peer comparison
Dec 31, 2023