ESCO Technologies Inc (ESE)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 388,812 | 366,887 | 327,192 | 270,090 | 271,567 |
| Revenue | US$ in thousands | 1,011,550 | 947,264 | 852,649 | 715,135 | 728,985 |
| Gross profit margin | 38.44% | 38.73% | 38.37% | 37.77% | 37.25% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $388,812K ÷ $1,011,550K
= 38.44%
The gross profit margin of ESCO Technologies Inc has shown a relatively stable trend over the past five years, with slight fluctuations within a narrow range. In the most recent fiscal year ending September 30, 2024, the gross profit margin stood at 38.44%, indicating that the company retained approximately 38.44% of its revenue after accounting for the cost of goods sold.
Comparing this figure to the prior years, we observe a consistent performance in maintaining gross profit margins above 37%, reflecting the company's ability to effectively manage its production costs and pricing strategies. This consistency suggests a degree of operational efficiency and pricing power within ESCO Technologies Inc's business segments.
Overall, the trend in ESCO Technologies Inc's gross profit margin demonstrates a solid financial performance in terms of its ability to generate profits from its core operations while effectively controlling costs. Investors and stakeholders may view this stability positively, as it indicates a consistent level of profitability and operational efficiency within the company.
Peer comparison
Sep 30, 2024