Topbuild Corp (BLD)
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 | 1,624,918 | 1,624,001 | 1,622,878 | 1,620,756 | 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 |
| Revenue (ttm) | US$ in thousands | 5,312,220 | 5,266,710 | 5,200,730 | 5,133,820 | 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 |
| Gross profit margin | 30.59% | 30.84% | 31.20% | 31.57% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,624,918K ÷ $5,312,220K
= 30.59%
Topbuild Corp's gross profit margin has shown a generally increasing trend over the past few years, starting at 26.52% as of March 31, 2020, and reaching 30.59% as of December 31, 2024. This indicates an overall improvement in the company's ability to generate profits from its core operations.
There were fluctuations in the gross profit margin over the period, with some quarters showing slight declines from the previous quarter, such as the decrease from June 30, 2024, to September 30, 2024. Nonetheless, the general trend remained positive.
The company experienced significant growth in its gross profit margin in the earlier years, most notably from September 30, 2022, to March 31, 2023, where the margin increased by 0.54%. However, there were periods of stabilization and slight decreases in the later years.
Overall, the increasing trend in Topbuild Corp's gross profit margin reflects an improvement in its operational efficiency and cost management. It suggests that the company has been able to effectively control its cost of goods sold and/or increase the selling price of its products/services, leading to higher profitability at the gross profit level.