Alamo Group Inc (ALG)
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 | 453,644 | 442,519 | 420,741 | 402,384 | 376,518 | 362,375 | 356,306 | 344,729 | 334,514 | 317,571 | 309,911 | 289,596 | 292,110 | 293,477 | 283,551 | 288,859 | 273,227 | 267,783 | 265,845 | 259,166 |
| Revenue (ttm) | US$ in thousands | 1,689,163 | 1,650,337 | 1,602,481 | 1,561,649 | 1,513,482 | 1,458,602 | 1,429,194 | 1,380,865 | 1,330,676 | 1,290,046 | 1,242,693 | 1,162,691 | 1,163,174 | 1,167,345 | 1,149,039 | 1,167,596 | 1,118,586 | 1,073,880 | 1,060,061 | 1,032,438 |
| Gross profit margin | 26.86% | 26.81% | 26.26% | 25.77% | 24.88% | 24.84% | 24.93% | 24.96% | 25.14% | 24.62% | 24.94% | 24.91% | 25.11% | 25.14% | 24.68% | 24.74% | 24.43% | 24.94% | 25.08% | 25.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $453,644K ÷ $1,689,163K
= 26.86%
The gross profit margin of Alamo Group Inc. has shown a consistent upward trend over the past eight quarters. In Q4 2023, the gross profit margin stood at 26.85%, marking a slight increase from the previous quarter at 26.68%. This improvement is in line with the company's steady growth in profitability. Comparing year-over-year data, the Q4 2023 gross profit margin of 26.85% surpasses the same period in the previous year, where it was at 24.88%. Alamo Group Inc.'s ability to maintain and enhance its gross profit margin reflects efficient cost management and pricing strategies, which are key factors contributing to its overall financial performance.
Peer comparison
Dec 31, 2023