Builders FirstSource Inc (BLDR)

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	6,012,340	6,032,580	6,466,210	7,283,410	7,744,380	7,745,050	7,442,770	6,613,770	5,850,950	5,034,338	3,892,539	2,826,721	2,222,584	2,029,952	2,000,443	2,000,267	1,976,829	1,993,052	1,974,691	1,953,863
Revenue (ttm)	US$ in thousands	17,096,390	17,276,460	18,503,660	20,901,030	22,698,850	22,968,350	22,715,430	21,365,780	19,858,230	17,789,490	14,576,400	10,945,430	8,553,650	7,782,960	7,468,250	7,426,870	7,277,510	7,336,620	7,474,350	7,631,020
Gross profit margin		35.17%	34.92%	34.95%	34.85%	34.12%	33.72%	32.77%	30.95%	29.46%	28.30%	26.70%	25.83%	25.98%	26.08%	26.79%	26.93%	27.16%	27.17%	26.42%	25.60%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,012,340K ÷ $17,096,390K
= 35.17%

Builders Firstsource Inc has shown a consistent improvement in its gross profit margin over the past eight quarters. The gross profit margin has increased from 30.90% in Q1 2022 to 35.17% in Q4 2023, indicating a positive trend in the company's ability to generate profit from its sales. The steady growth in the gross profit margin reflects efficient cost management and pricing strategies implemented by the company. This improvement suggests that Builders Firstsource Inc is effectively controlling its direct costs related to production and distribution, resulting in a higher proportion of revenue being retained as gross profit. Overall, the consistent increase in gross profit margin illustrates the company's strengthening profitability and operational efficiency over the analyzed period.