Exponent Inc (EXPO)
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 | 183,524 | 192,092 | 197,094 | 212,815 | 218,319 | 213,782 | 204,263 | 183,240 | 166,453 | 157,149 | 209,383 | 258,168 | 327,107 | 406,775 | 344,011 | 289,485 | 211,334 | 193,363 | 190,911 | 237,300 |
| Revenue (ttm) | US$ in thousands | 536,766 | 541,221 | 535,064 | 525,124 | 513,293 | 499,444 | 488,670 | 478,266 | 466,269 | 456,002 | 438,260 | 410,428 | 399,900 | 406,775 | 409,660 | 424,121 | 417,199 | 399,228 | 392,982 | 382,097 |
| Gross profit margin | 34.19% | 35.49% | 36.84% | 40.53% | 42.53% | 42.80% | 41.80% | 38.31% | 35.70% | 34.46% | 47.78% | 62.90% | 81.80% | 100.00% | 83.97% | 68.26% | 50.66% | 48.43% | 48.58% | 62.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $183,524K ÷ $536,766K
= 34.19%
Exponent Inc's gross profit margin has exhibited fluctuations over the given time period. The trend shows a gradual decrease in the gross profit margin from the high of 100% in Q3 2020 to 34.19% in Q4 2023. The company experienced a notable decline in profitability from Q1 2021 to Q4 2021, with gross profit margins ranging from 81.80% to 35.70%. In Q1 2022, there was a significant increase in the margin to 47.78%, followed by a sharp decline to 34.46% in Q2 2022. Subsequently, there was a moderate recovery in profitability with margins fluctuating between 36.84% and 42.53% until Q4 2023. Overall, the trend indicates variability in the company's ability to generate profit from its core operations over the past few years.
Peer comparison
Dec 31, 2023