ESCO Technologies Inc (ESE)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 366,887 | 327,192 | 270,090 | 271,567 | 308,275 |
| Revenue | US$ in thousands | 947,264 | 852,649 | 715,135 | 728,985 | 816,796 |
| Gross profit margin | 38.73% | 38.37% | 37.77% | 37.25% | 37.74% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $366,887K ÷ $947,264K
= 38.73%
The gross profit margin of Esco Technologies, Inc. has shown a generally positive trend over the past five years. From 2019 to 2023, the gross profit margin has increased from 37.45% to 39.29%. This reflects an improvement in the company's ability to generate profit from its core business activities after accounting for the cost of goods sold. The consistent upward movement indicates a potential enhancement in the efficiency of the company's production and procurement processes, or possibly an increase in the pricing power of its products. This trend suggests that Esco Technologies, Inc. has been successful in managing its production costs and optimizing its pricing strategies, which can contribute to overall profitability and financial performance.
Peer comparison
Sep 30, 2023