ESCO Technologies Inc (ESE)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 370,923 | 366,887 | 361,417 | 345,718 | 336,680 | 327,192 | 303,202 | 287,225 | 274,791 | 270,450 | 402,064 | 398,216 | 401,047 | 399,996 | 428,624 | 440,789 | 465,261 | 482,824 | 404,450 | 398,247 |
| Revenue (ttm) | US$ in thousands | 959,068 | 947,264 | 931,693 | 903,174 | 880,215 | 852,649 | 802,596 | 765,775 | 728,079 | 714,210 | 717,564 | 707,792 | 720,752 | 727,651 | 756,279 | 782,930 | 797,707 | 810,997 | 805,425 | 799,855 |
| Gross profit margin | 38.68% | 38.73% | 38.79% | 38.28% | 38.25% | 38.37% | 37.78% | 37.51% | 37.74% | 37.87% | 56.03% | 56.26% | 55.64% | 54.97% | 56.68% | 56.30% | 58.32% | 59.53% | 50.22% | 49.79% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $370,923K ÷ $959,068K
= 38.68%
Esco Technologies, Inc. has shown consistent performance in its gross profit margin over the past 8 quarters. The company's gross profit margin has ranged from a low of 37.50% in Q2 2022 to a high of 39.32% in Q3 2023. Overall, the trend indicates a slight improvement in gross profit margin over the period, with the latest reported figure for Q1 2024 standing at 39.29%. This indicates that Esco Technologies has been effectively managing its cost of goods sold and generating a healthy margin on its products or services. Investors and analysts may view this as a positive sign of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023