CACI International Inc (CACI)

Gross profit margin

		Jun 30, 2025	Mar 31, 2025	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
Gross profit (ttm)	US$ in thousands	764,185	1,231,575	1,646,644	1,598,651	1,556,159	1,030,888	574,484	572,046	567,500	538,541	508,863	502,103	496,329	488,542	914,869	1,312,342	1,319,737	562,654	522,941	491,963
Revenue (ttm)	US$ in thousands	8,627,820	8,361,980	8,132,460	7,866,580	7,659,840	7,324,640	7,131,450	6,946,940	6,702,550	6,641,710	6,481,420	6,317,780	6,202,920	6,124,660	6,092,600	6,075,530	6,044,140	5,975,720	5,889,400	5,816,160
Gross profit margin		8.86%	14.73%	20.25%	20.32%	20.32%	14.07%	8.06%	8.23%	8.47%	8.11%	7.85%	7.95%	8.00%	7.98%	15.02%	21.60%	21.83%	9.42%	8.88%	8.46%

June 30, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $764,185K ÷ $8,627,820K
= 8.86%

The gross profit margin of CACI International Inc has exhibited significant fluctuations over the observed period from September 2020 through June 2025. In the fiscal year ending September 30, 2020, the gross profit margin was relatively low at approximately 8.46%, indicating the company's limited profitability relative to its revenue during that period. This margin experienced a modest increase through the end of 2020, reaching 8.88% at December 31, 2020, and continuing to improve into the first quarter of 2021, when it rose to 9.42%.

A notable inflection point occurred in the third quarter of 2021 (June 30, 2021), when the gross profit margin jumped sharply to approximately 21.83%. This substantial increase persisted into the fourth quarter of 2021 with a margin of about 21.60%, suggesting a significant improvement in either cost management or revenue recognition, or a combination of both during this period. However, this elevated margin was not maintained, as the margin declined to 15.02% by the end of 2021 and further decreased to 7.98% in the first quarter of 2022.

Throughout 2022, the gross profit margin remained relatively stable, oscillating slightly around 8%, with values of 8.00% to 7.95%, reflecting consistent but modest profitability levels. This stability persisted into 2023, with margins fluctuating narrowly around 8.11% to 8.47% in the first half of the year before slightly declining to approximately 8.23% by September 2023.

Starting in the first quarter of 2024, a notable upward trend is observed, with the gross profit margin increasing to 14.07%. This upward trajectory continued into the second and third quarters of 2024, reaching between 20.25% and 20.32%, indicating a marked improvement in profitability. During this period, the company appears to have achieved better profitability margins, potentially due to operational efficiencies, improved pricing strategies, or favorable changes in the revenue mix.

In the first half of 2025, the gross profit margin shows a decline from the high point of over 20% in 2024, balancing at approximately 14.73% in March and decreasing further to 8.86% by June. This recent decline suggests renewed pressures on gross profit margins, possibly from market, cost, or competitive factors affecting margins.

Overall, the company's gross profit margin has experienced periods of volatility with a substantial peak in mid-2021 and a significant recent increase in 2024, followed by a decline in mid-2025. The pattern indicates a history of operational variability and responsiveness to external or internal factors influencing the cost structure and revenue efficiency over time.