CNH Industrial N.V. (CNH)
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 | 6,507,000 | 7,055,000 | 7,448,000 | 7,758,000 | 7,889,000 | 7,840,000 | 7,725,000 | 7,368,000 | 6,984,000 | 6,888,000 | 6,380,000 | 6,083,000 | 5,908,000 | 16,155,000 | 16,175,000 | 15,181,000 | 15,028,000 | 4,420,000 | 4,451,000 | 5,803,000 |
| Revenue (ttm) | US$ in thousands | 19,839,000 | 21,755,000 | 23,090,000 | 24,170,000 | 24,694,000 | 24,848,000 | 24,740,000 | 24,277,000 | 23,578,000 | 25,704,000 | 24,569,000 | 23,636,000 | 23,088,000 | 22,665,000 | 24,411,000 | 24,815,000 | 26,180,000 | 25,226,000 | 25,094,000 | 27,083,000 |
| Gross profit margin | 32.80% | 32.43% | 32.26% | 32.10% | 31.95% | 31.55% | 31.22% | 30.35% | 29.62% | 26.80% | 25.97% | 25.74% | 25.59% | 71.28% | 66.26% | 61.18% | 57.40% | 17.52% | 17.74% | 21.43% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,507,000K ÷ $19,839,000K
= 32.80%
The gross profit margin of CNH Industrial N.V. has shown fluctuations over the periods provided in the data. The margin increased significantly from December 2020 to September 2021, reaching a peak of 71.28%. This indicates a strong performance in generating profits from sales after deducting the cost of goods sold.
Subsequently, there was a decline in the gross profit margin for the next few quarters, but it remained above 25%. This suggests that CNH Industrial N.V. was able to maintain a healthy level of profitability despite the decrease.
From March 2023 onwards, the gross profit margin started to increase steadily, reaching 32.80% by December 2024. This indicates an improving trend in the company's ability to generate profit from its core operations.
Overall, the gross profit margin trend of CNH Industrial N.V. reflects a mix of fluctuations and improvements, showcasing the company's ability to manage its costs effectively and enhance its profitability over time.
Peer comparison
Dec 31, 2024