Enovis Corp (ENOV)
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 | 1,097,034 | 1,053,905 | 1,053,198 | 1,053,610 | 990,779 | 958,143 | 931,001 | 898,548 | 1,093,714 | 1,280,687 | 1,469,734 | 1,672,812 | 1,613,658 | 1,549,617 | 1,488,866 | 1,310,968 | 1,288,105 | 1,329,263 | 1,353,285 | 1,488,257 |
| Revenue (ttm) | US$ in thousands | 2,107,623 | 2,001,668 | 1,913,970 | 1,817,312 | 1,707,197 | 1,660,890 | 1,627,180 | 1,593,795 | 2,211,014 | 2,825,571 | 3,407,648 | 3,998,459 | 3,854,300 | 3,659,152 | 3,499,192 | 3,133,624 | 3,070,769 | 3,131,020 | 3,171,608 | 3,459,895 |
| Gross profit margin | 52.05% | 52.65% | 55.03% | 57.98% | 58.04% | 57.69% | 57.22% | 56.38% | 49.47% | 45.32% | 43.13% | 41.84% | 41.87% | 42.35% | 42.55% | 41.84% | 41.95% | 42.45% | 42.67% | 43.01% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,097,034K ÷ $2,107,623K
= 52.05%
Enovis Corp's gross profit margin has displayed fluctuations over the reported periods. Initially, the margin stood at 43.01% as of March 31, 2020, indicating that the company was generating $0.43 in gross profit for every dollar of revenue.
Subsequently, the margin experienced slight declines over the next few quarters, dropping to 41.95% by December 31, 2020. This downward trend continued into the first half of 2021, with the margin bottoming out at 41.84% by March 31, 2021.
However, from June 30, 2021, there was an upward trajectory in the gross profit margin, reaching 43.13% by June 30, 2022, and peaking at 58.04% by December 31, 2023. This indicates that Enovis Corp was able to improve its profitability by efficiently controlling its production costs and enhancing revenue streams.
In the later periods, the gross profit margin stabilized around the 50% mark, showing a slight decline to 52.05% by December 31, 2024. Overall, Enovis Corp's gross profit margin has demonstrated both volatility and improvement, reflecting the company's ability to adapt to changing market conditions and optimize its cost structure to enhance profitability.
Peer comparison
Dec 31, 2024