Benchmark Electronics Inc (BHE)

Gross profit margin

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 Mar 31, 2020
Gross profit (ttm) US$ in thousands 270,024 273,103 275,439 274,520 271,070 272,193 269,866 261,591 255,235 245,164 232,119 221,276 205,901 194,506 187,155 173,914 175,048 161,700 164,301 178,852
Revenue (ttm) US$ in thousands 2,656,105 2,690,572 2,752,520 2,819,856 2,838,976 2,898,266 2,950,146 2,944,943 2,886,331 2,768,741 2,569,048 2,385,681 2,255,319 2,143,515 2,097,584 2,043,888 2,053,131 2,040,325 2,069,603 2,180,239
Gross profit margin 10.17% 10.15% 10.01% 9.74% 9.55% 9.39% 9.15% 8.88% 8.84% 8.85% 9.04% 9.28% 9.13% 9.07% 8.92% 8.51% 8.53% 7.93% 7.94% 8.20%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $270,024K ÷ $2,656,105K
= 10.17%

The gross profit margin of Benchmark Electronics Inc has shown a generally positive trend over the past few years, reflecting the company's ability to effectively manage its cost of goods sold and generate higher profits from its sales.

Starting at 8.20% in March 31, 2020, the gross profit margin experienced some fluctuations before reaching a peak of 10.17% by December 31, 2024. This upward trajectory indicates an improvement in the company's pricing strategy, cost control measures, and potentially increased efficiency in its operations.

Although there were minor dips in the gross profit margin at certain points during the period, overall, Benchmark Electronics Inc has shown a consistent effort towards improving its profitability through better management of its production costs and pricing decisions.

The steady increase in the gross profit margin suggests that the company has been successful in enhancing its operational efficiency, optimizing its production processes, or potentially increasing the selling prices of its products, all of which have contributed to a stronger financial performance over the years.