EMCOR Group Inc (EME)
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 | 2,089,339 | 1,926,394 | 1,794,153 | 1,687,101 | 1,603,594 | 1,551,836 | 1,519,948 | 1,513,219 | 1,501,737 | 1,482,546 | 1,464,387 | 1,403,394 | 1,395,382 | 1,376,278 | 1,349,081 | 1,380,175 | 1,355,868 | 1,327,272 | 1,300,624 | 1,245,088 |
| Revenue (ttm) | US$ in thousands | 12,582,870 | 12,093,470 | 11,712,230 | 11,374,000 | 11,076,120 | 10,766,490 | 10,461,800 | 10,192,080 | 9,903,580 | 9,544,880 | 9,224,920 | 8,801,270 | 8,797,050 | 8,919,500 | 9,005,530 | 9,315,710 | 9,174,610 | 8,999,980 | 8,759,290 | 8,388,980 |
| Gross profit margin | 16.60% | 15.93% | 15.32% | 14.83% | 14.48% | 14.41% | 14.53% | 14.85% | 15.16% | 15.53% | 15.87% | 15.95% | 15.86% | 15.43% | 14.98% | 14.82% | 14.78% | 14.75% | 14.85% | 14.84% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,089,339K ÷ $12,582,870K
= 16.60%
The gross profit margin of Emcor Group, Inc. has shown a generally increasing trend over the past eight quarters. In Q4 2023, the gross profit margin reached 16.60%, the highest among the periods analyzed. This indicates that the company was able to generate more profit from its core business activities in the most recent quarter.
The improvement in gross profit margin could be attributed to various factors such as better cost management, efficiency in operations, pricing strategies, or changes in product mix. It suggests that Emcor Group, Inc. has been effectively controlling its production costs and increasing its profitability over time.
Overall, the consistent increase in gross profit margin reflects positively on the company's operational performance and financial health. It is essential for investors and analysts to monitor this trend to assess the company's profitability and competitive position in the industry.
Peer comparison
Dec 31, 2023