Api Group Corp (APG)
Gross profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,173,000 | 2,073,000 | 1,956,000 | 1,900,000 | 1,907,000 | 1,890,000 | 1,895,000 | 1,824,000 | 1,763,000 | 1,714,000 | 1,525,000 | 1,337,000 | 1,134,000 | 939,000 | 863,000 | 833,000 | 775,000 | 756,000 | 756,000 | 768,046 |
| Revenue (ttm) | US$ in thousands | 7,136,000 | 7,018,000 | 6,916,000 | 6,874,000 | 6,915,000 | 6,928,000 | 6,872,000 | 6,823,000 | 6,701,000 | 6,558,000 | 5,967,000 | 5,279,000 | 4,608,000 | 3,940,000 | 3,710,000 | 3,621,000 | 3,532,000 | 3,587,000 | 3,690,000 | 3,845,470 |
| Gross profit margin | 30.45% | 29.54% | 28.28% | 27.64% | 27.58% | 27.28% | 27.58% | 26.73% | 26.31% | 26.14% | 25.56% | 25.33% | 24.61% | 23.83% | 23.26% | 23.00% | 21.94% | 21.08% | 20.49% | 19.97% |
March 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,173,000K ÷ $7,136,000K
= 30.45%
The gross profit margin of Api Group Corp demonstrates a consistent upward trajectory over the analyzed period from June 30, 2020, through March 31, 2025. Starting at approximately 19.97% in mid-2020, the margin exhibits steady improvement, reaching around 30.45% by the first quarter of 2025. This trend indicates a gradual enhancement in the company's ability to control its cost of goods sold relative to revenues, suggesting improvements in operational efficiency, pricing strategies, or a favorable product mix.
Throughout this period, the gross profit margin increased incrementally, reflecting a sustained positive trend. Notable milestones include surpassing the 20% threshold by late 2020, and subsequently crossing the 25% mark in late 2022. From 2022 onwards, the margin advances more markedly, approaching 28-30%, with the expected peak at 30.45% in March 2025.
This consistent growth in gross profit margin suggests that Api Group Corp has been effectively managing its cost structure and possibly benefiting from advantageous market conditions or competitive positioning. The upward trajectory indicates a strengthening of profitability at the gross level, which could bode well for overall financial health and future profitability, assuming other operational factors remain favorable.
Peer comparison
Mar 31, 2025