Topbuild Corp (BLD)
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 | 1,603,821 | 1,588,378 | 1,563,436 | 1,525,733 | 1,486,719 | 1,394,206 | 1,248,749 | 1,107,832 | 974,390 | 889,250 | 837,287 | 772,161 | 746,358 | 719,657 | 700,660 | 697,528 | 681,267 | 668,174 | 650,708 | 620,827 |
| Revenue (ttm) | US$ in thousands | 5,120,910 | 5,099,790 | 5,078,940 | 5,041,270 | 4,951,870 | 4,757,590 | 4,311,639 | 3,878,974 | 3,443,847 | 3,112,824 | 2,961,908 | 2,771,414 | 2,692,863 | 2,633,725 | 2,617,128 | 2,629,892 | 2,595,201 | 2,572,399 | 2,546,712 | 2,502,046 |
| Gross profit margin | 31.32% | 31.15% | 30.78% | 30.26% | 30.02% | 29.30% | 28.96% | 28.56% | 28.29% | 28.57% | 28.27% | 27.86% | 27.72% | 27.32% | 26.77% | 26.52% | 26.25% | 25.97% | 25.55% | 24.81% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,603,821K ÷ $5,120,910K
= 31.32%
The gross profit margin of TopBuild Corp has shown a consistent upward trend over the last eight quarters, indicating effective cost management and potentially improving operational efficiencies. From Q1 2022 to Q4 2023, the gross profit margin has increased steadily from 28.32% to 30.87%, reflecting the company's ability to generate more profit from its sales revenue after accounting for the cost of goods sold. This positive trend suggests that TopBuild Corp has been successful in maintaining or even enhancing its pricing strategies, managing production costs, or possibly benefiting from economies of scale. The steady improvement in gross profit margin indicates that the company is effectively controlling its direct costs and could potentially lead to enhanced profitability and financial performance in the long run.