ESAB Corp (ESAB)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | ||
|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,015,751 | 985,415 | 945,039 | 908,588 | 885,530 |
| Revenue (ttm) | US$ in thousands | 2,774,766 | 2,749,545 | 2,688,814 | 2,629,569 | 2,593,480 |
| Gross profit margin | 36.61% | 35.84% | 35.15% | 34.55% | 34.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,015,751K ÷ $2,774,766K
= 36.61%
ESAB Corp's gross profit margin has been gradually increasing over the past five quarters, with a steady growth trend from 34.14% in Q4 2022 to 36.61% in Q4 2023. This improvement indicates that the company has been effectively managing its production costs and pricing strategies to enhance profitability. The consistent growth in gross profit margin reflects positively on ESAB Corp's operational efficiency and ability to generate revenue from its core business activities. Overall, the rising trend in gross profit margin suggests that ESAB Corp is effectively controlling its costs and maximizing its profitability, which can be a positive sign for investors and stakeholders.
Peer comparison
Dec 31, 2023