Baker Hughes Co (BKR)
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 | 21,716,000 | 20,898,000 | 19,300,000 | 17,864,000 | 17,038,000 | 17,097,000 | 17,043,000 | 17,402,000 | 17,355,000 | 16,838,000 | 16,602,000 | 16,243,000 | 552,000 | -2,353,000 | -5,362,000 | -8,246,000 | 4,434,000 | 4,375,000 | 4,247,000 | 4,121,000 |
| Revenue (ttm) | US$ in thousands | 24,941,000 | 23,990,000 | 22,603,000 | 21,333,000 | 20,452,000 | 20,453,000 | 20,175,000 | 20,265,000 | 20,202,000 | 20,101,000 | 20,058,000 | 19,648,000 | 20,306,000 | 21,363,000 | 22,203,000 | 23,474,000 | 23,664,000 | 23,581,000 | 23,368,000 | 22,915,000 |
| Gross profit margin | 87.07% | 87.11% | 85.39% | 83.74% | 83.31% | 83.59% | 84.48% | 85.87% | 85.91% | 83.77% | 82.77% | 82.67% | 2.72% | -11.01% | -24.15% | -35.13% | 18.74% | 18.55% | 18.17% | 17.98% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $21,716,000K ÷ $24,941,000K
= 87.07%
Baker Hughes Co's gross profit margin has exhibited relatively consistent performance over the past eight quarters. The margin has ranged between 20.24% and 21.11%, indicating a stable level of profitability in relation to its revenue during this period. Despite some fluctuations, the company has managed to maintain a gross profit margin above 20% consistently. This suggests effective cost management and pricing strategies, as well as consistent production efficiency. Overall, the trend in Baker Hughes Co's gross profit margin demonstrates strong financial health and operational efficiency within the organization.
Peer comparison
Dec 31, 2023