Flowserve Corporation (FLS)
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 | 1,276,827 | 1,232,526 | 1,154,409 | 1,081,478 | 994,295 | 966,153 | 980,068 | 1,008,477 | 1,049,730 | 1,078,030 | 1,109,738 | 1,101,200 | 1,116,800 | 1,170,900 | 1,218,600 | 1,266,800 | 1,289,300 | 1,261,600 | 1,237,200 | 1,205,400 |
| Revenue (ttm) | US$ in thousands | 4,268,876 | 4,144,376 | 3,927,236 | 3,733,520 | 3,569,619 | 3,458,369 | 3,447,565 | 3,461,678 | 3,466,525 | 3,532,325 | 3,590,953 | 3,618,040 | 3,668,956 | 3,751,856 | 3,826,408 | 3,891,483 | 3,924,802 | 3,843,502 | 3,791,118 | 3,772,349 |
| Gross profit margin | 29.91% | 29.74% | 29.39% | 28.97% | 27.85% | 27.94% | 28.43% | 29.13% | 30.28% | 30.52% | 30.90% | 30.44% | 30.44% | 31.21% | 31.85% | 32.55% | 32.85% | 32.82% | 32.63% | 31.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,276,827K ÷ $4,268,876K
= 29.91%
Flowserve Corp.'s gross profit margin has shown a consistent improvement over the quarters analyzed, with figures ranging from 27.50% in Q4 2022 to 29.55% in Q4 2023. This indicates that the company has been able to effectively manage its cost of goods sold while maintaining strong pricing power. The upward trend in gross profit margin suggests that Flowserve Corp. has been successful in controlling production costs and optimizing its pricing strategies. It reflects positively on the company's operational efficiency and ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2023