Now Inc (DNOW)
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 | 540,000 | 537,000 | 536,000 | 528,000 | 535,000 | 537,000 | 542,000 | 536,000 | 506,000 | 475,000 | 432,000 | 389,000 | 357,000 | 301,000 | 267,000 | 250,000 | 292,000 | 372,000 | 460,000 | 545,000 |
| Revenue (ttm) | US$ in thousands | 2,373,000 | 2,357,000 | 2,339,000 | 2,300,000 | 2,321,000 | 2,313,000 | 2,302,000 | 2,247,000 | 2,136,000 | 2,021,000 | 1,883,000 | 1,744,000 | 1,632,000 | 1,519,000 | 1,406,000 | 1,376,000 | 1,619,000 | 1,939,000 | 2,364,000 | 2,770,000 |
| Gross profit margin | 22.76% | 22.78% | 22.92% | 22.96% | 23.05% | 23.22% | 23.54% | 23.85% | 23.69% | 23.50% | 22.94% | 22.31% | 21.88% | 19.82% | 18.99% | 18.17% | 18.04% | 19.19% | 19.46% | 19.68% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $540,000K ÷ $2,373,000K
= 22.76%
Now Inc's gross profit margin has shown a fluctuating trend over the evaluated periods. It decreased from 19.68% in March 2020 to 18.04% in December 2020. However, there was a gradual improvement in the margin from March 2021 to June 2022, reaching a peak of 22.94%. Subsequently, there was a slight dip in the margin, but it remained relatively stable around the 23% mark from March 2023 to December 2024, ranging from 22.76% to 23.85%. Overall, the company has managed to maintain a gross profit margin above 20% in recent periods, indicating efficient cost management and pricing strategies.
Peer comparison
Dec 31, 2024