Exponent Inc (EXPO)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 339,202 | 226,772 | 224,807 | 312,940 | 407,339 | 411,998 | 408,016 | 399,626 | 389,191 | 464,956 | 454,987 | 445,217 | 433,675 | 364,751 | 350,844 | 326,951 | 317,900 | 384,284 | 385,309 | 397,709 |
| Revenue (ttm) | US$ in thousands | 558,514 | 544,648 | 541,705 | 541,390 | 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 |
| Gross profit margin | 60.73% | 41.64% | 41.50% | 57.80% | 75.89% | 76.12% | 76.26% | 76.10% | 75.82% | 93.09% | 93.11% | 93.09% | 93.01% | 79.99% | 80.05% | 79.66% | 79.49% | 94.47% | 94.06% | 93.77% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $339,202K ÷ $558,514K
= 60.73%
Exponent Inc's gross profit margin has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The company's gross profit margin ranged from a high of 94.47% in September 30, 2020, to a low of 41.50% in June 30, 2024.
The gross profit margin indicates the percentage of revenue that exceeds the cost of goods sold, reflecting the efficiency of the company's operations and its ability to control production costs. The increasing trend observed from March 31, 2020, to September 30, 2022, suggests that Exponent Inc was effectively managing its production costs and generating high margins on its products or services.
However, there was a noticeable decline in the gross profit margin from December 31, 2022, to June 30, 2024, with the margin dropping to as low as 41.50% in June 30, 2024. This could indicate challenges in cost control, pricing pressure, or changes in the company's product mix during this period.
Investors and analysts may want to further investigate the reasons behind the fluctuations in Exponent Inc's gross profit margin to assess the sustainability of its profitability and the effectiveness of its cost management strategies.
Peer comparison
Dec 31, 2024