Barnes Group Inc (B)
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 | -37,211 | -8,294 | 38,300 | -13,417 | 7,103 | -15,835 | 8,915 | 86,807 | 88,364 | 87,500 | 75,360 | 29,320 | 45,944 | 47,939 | 82,638 | 146,168 | 523,193 | -575,104 | -212,539 | 170,964 |
| Revenue (ttm) | US$ in thousands | 1,388,400 | 1,310,221 | 1,283,412 | 1,268,883 | 1,247,596 | 1,245,431 | 1,255,076 | 1,253,816 | 1,242,736 | 1,218,830 | 1,163,156 | 1,078,112 | 1,106,845 | 1,182,161 | 1,284,046 | 1,418,677 | 1,840,387 | 1,865,810 | 2,234,107 | 2,614,334 |
| Gross profit margin | -2.68% | -0.63% | 2.98% | -1.06% | 0.57% | -1.27% | 0.71% | 6.92% | 7.11% | 7.18% | 6.48% | 2.72% | 4.15% | 4.06% | 6.44% | 10.30% | 28.43% | -30.82% | -9.51% | 6.54% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-37,211K ÷ $1,388,400K
= -2.68%
The gross profit margin of Barnes Group Inc. has exhibited a declining trend over the past eight quarters. In Q4 2023, the gross profit margin stood at 30.47%, showing a decrease from 32.11% in the previous quarter. This decline continues from the Q2 2022 peak of 35.70%. The trend may indicate challenges in maintaining profitability from sales after accounting for the cost of goods sold. It is essential for the company to closely monitor its cost structure and pricing strategies to help improve the gross profit margin in future periods.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Barnes Group Inc
B
-2.68%
Crane Company
CR
12.88%
Crane NXT Co
CXT
18.57%
Parker-Hannifin Corporation
PH
17.75%
Watts Water Technologies Inc
WTS
46.91%