CTS Corporation (CTS)

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	189,464	183,628	180,241	184,297	190,859	199,799	206,744	207,850	210,538	208,205	200,521	196,369	184,620	178,640	169,884	148,755	139,063	135,072	135,223	149,860
Revenue (ttm)	US$ in thousands	515,701	512,960	515,088	530,178	550,422	568,009	585,368	585,168	586,869	577,119	547,590	532,193	512,925	503,412	494,807	449,419	424,067	416,089	417,963	454,450
Gross profit margin		36.74%	35.80%	34.99%	34.76%	34.68%	35.18%	35.32%	35.52%	35.87%	36.08%	36.62%	36.90%	35.99%	35.49%	34.33%	33.10%	32.79%	32.46%	32.35%	32.98%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $189,464K ÷ $515,701K
= 36.74%

CTS Corporation's gross profit margin has shown a generally positive trend over the past few years, increasing from 32.98% in March 2020 to 36.74% in December 2024. The company's ability to generate profits from its core business operations has improved steadily during this period. While there have been fluctuations in the gross profit margin from quarter to quarter, the overall trend has been upwards, indicating improving efficiency in cost management and pricing strategies. The gradual increase in the gross profit margin suggests that CTS Corporation has been able to enhance its profitability and maintain a healthy level of gross profit relative to its revenue over the years.