DXP Enterprises Inc (DXPE)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 505,291 | 493,714 | 479,785 | 452,195 | 422,038 | 395,434 | 370,744 | 351,760 | 328,506 | 306,551 | 280,909 | 265,712 | 277,196 | 292,796 | 324,199 | 346,105 | 347,191 | 355,491 | 346,887 | 340,000 |
| Revenue (ttm) | US$ in thousands | 1,624,653 | 1,630,258 | 1,604,174 | 1,550,194 | 1,451,697 | 1,344,867 | 1,248,616 | 1,166,773 | 1,093,114 | 1,037,874 | 970,085 | 937,202 | 993,218 | 1,056,018 | 1,161,769 | 1,242,731 | 1,252,318 | 1,267,818 | 1,248,873 | 1,225,530 |
| Gross profit margin | 31.10% | 30.28% | 29.91% | 29.17% | 29.07% | 29.40% | 29.69% | 30.15% | 30.05% | 29.54% | 28.96% | 28.35% | 27.91% | 27.73% | 27.91% | 27.85% | 27.72% | 28.04% | 27.78% | 27.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $505,291K ÷ $1,624,653K
= 31.10%
The gross profit margin of DXP Enterprises Inc has shown a somewhat stable trend over the past few quarters, ranging from 27.72% to 31.10%. The company's gross profit margin peaked at 31.10% on December 31, 2023, indicating that for every dollar of revenue generated, the company retained 31.10 cents as gross profit.
Overall, the trend suggests the company has been effectively managing its cost of goods sold relative to its revenue, maintaining healthy margins. However, it is essential to monitor for any signs of significant fluctuations in the gross profit margin, as this could indicate changes in the company's pricing strategy, cost structure, or competitive pressures.
Peer comparison
Dec 31, 2023