Crane NXT Co (CXT)
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 | 665,100 | 650,100 | 644,300 | 651,800 | 861,000 | 1,031,900 | 1,195,900 | 1,178,700 | 1,162,400 | 1,124,400 | 1,132,400 | 1,300,800 | 1,275,400 | 1,204,400 | 1,110,100 | 1,010,000 | 965,100 | 1,027,100 | 1,061,800 | 1,148,900 |
| Revenue (ttm) | US$ in thousands | 1,486,800 | 1,444,600 | 1,394,000 | 1,375,800 | 1,905,100 | 2,372,300 | 2,834,500 | 2,816,100 | 2,844,700 | 2,845,800 | 2,924,500 | 3,386,900 | 3,348,900 | 3,207,300 | 3,000,000 | 2,847,900 | 2,761,300 | 2,915,200 | 3,001,000 | 3,198,300 |
| Gross profit margin | 44.73% | 45.00% | 46.22% | 47.38% | 45.19% | 43.50% | 42.19% | 41.86% | 40.86% | 39.51% | 38.72% | 38.41% | 38.08% | 37.55% | 37.00% | 35.46% | 34.95% | 35.23% | 35.38% | 35.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $665,100K ÷ $1,486,800K
= 44.73%
Crane NXT Co's gross profit margin has shown a generally increasing trend over the last few years, reflecting the company's ability to effectively manage its production costs and pricing strategies. The gross profit margin increased from 35.92% in March 2020 to 44.73% in December 2024. The company experienced fluctuations in the gross profit margin over this period, with some quarters showing slight decreases, but overall, the trend has been positive.
The improvement in gross profit margin indicates that Crane NXT Co has been able to increase profitability on its sales after accounting for the cost of goods sold. This could be attributed to various factors such as economies of scale, efficient cost management, pricing adjustments, or product mix changes.
The increasing trend in gross profit margin is a positive sign for Crane NXT Co, as it suggests that the company is becoming more efficient in its operations and generating higher profits from its core business activities. Investors and stakeholders may view this trend favorably as it indicates improving financial performance and potentially stronger overall business health.
Peer comparison
Dec 31, 2024