The Ensign Group Inc (ENSG)
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 | 652,426 | 563,986 | 545,056 | 533,855 | 525,425 | 559,558 | 544,999 | 530,823 | 511,081 | 504,688 | 490,902 | 472,118 | 463,962 | 446,007 | 428,896 | 416,602 | 406,200 | 346,552 | 333,549 | 313,946 |
| Revenue (ttm) | US$ in thousands | 4,258,320 | 4,104,767 | 3,961,754 | 3,849,940 | 3,731,458 | 3,554,106 | 3,388,158 | 3,200,096 | 3,026,034 | 2,910,738 | 2,808,673 | 2,713,098 | 2,627,461 | 2,566,044 | 2,496,870 | 2,442,374 | 2,402,596 | 2,093,511 | 2,091,399 | 2,076,776 |
| Gross profit margin | 15.32% | 13.74% | 13.76% | 13.87% | 14.08% | 15.74% | 16.09% | 16.59% | 16.89% | 17.34% | 17.48% | 17.40% | 17.66% | 17.38% | 17.18% | 17.06% | 16.91% | 16.55% | 15.95% | 15.12% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $652,426K ÷ $4,258,320K
= 15.32%
The gross profit margin of The Ensign Group Inc has shown fluctuations over the period from March 31, 2020, to December 31, 2024. It started at 15.12% in March 2020 and gradually increased to reach its peak at 17.66% in December 2021. Subsequently, the margin experienced a slight decline to 16.09% in June 2023, followed by a more significant drop to 13.74% by September 30, 2024, before recovering slightly to 15.32% by the end of December 2024.
The trend indicates that the company's ability to generate profit from its core operations, after deducting the cost of goods sold, generally improved from 2020 to 2021. However, there was a noticeable decline in the gross profit margin in the latter half of 2023 and into 2024, suggesting potential challenges in managing costs or pricing strategies during that period.
It is important for stakeholders to closely monitor the gross profit margin trend to assess the company's operational efficiency and competitiveness in the market, as it directly impacts the overall profitability of the business.
Peer comparison
Dec 31, 2024