DXP Enterprises Inc (DXPE)
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 | 556,277 | 530,621 | 510,073 | 504,132 | 491,509 | 479,932 | 466,003 | 438,413 | 422,038 | 395,434 | 370,744 | 351,685 | 328,410 | 308,042 | 282,400 | 266,893 | 279,269 | 293,315 | 324,718 | 347,009 |
| Revenue (ttm) | US$ in thousands | 1,802,040 | 1,738,170 | 1,684,484 | 1,666,968 | 1,678,600 | 1,677,851 | 1,645,916 | 1,585,688 | 1,480,832 | 1,367,686 | 1,269,866 | 1,187,570 | 1,113,775 | 1,053,315 | 984,014 | 949,899 | 1,005,266 | 1,068,045 | 1,175,030 | 1,256,947 |
| Gross profit margin | 30.87% | 30.53% | 30.28% | 30.24% | 29.28% | 28.60% | 28.31% | 27.65% | 28.50% | 28.91% | 29.20% | 29.61% | 29.49% | 29.25% | 28.70% | 28.10% | 27.78% | 27.46% | 27.63% | 27.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $556,277K ÷ $1,802,040K
= 30.87%
The gross profit margin of DXP Enterprises Inc has shown variability over the analyzed period, ranging from a low of 27.46% in September 2020 to a high of 30.87% in December 2024. The trend indicates improvement in the company's ability to generate profits from its core business operations, with a general upward trajectory in recent quarters. This suggests that DXP Enterprises has been able to effectively manage its cost of goods sold relative to its revenue, resulting in higher gross profit margins. However, the slight decrease in gross profit margin in the last quarter of 2024 may require further monitoring to understand if this is a temporary fluctuation or a potential concern for the company's profitability moving forward. Overall, a rising gross profit margin is generally viewed positively as it indicates improved efficiency and profitability in the company's operations.
Peer comparison
Dec 31, 2024