FMC Corporation (FMC)

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	1,831,000	2,080,900	2,177,200	2,335,400	2,326,800	2,249,300	2,283,300	2,222,900	2,161,300	2,054,600	2,009,500	2,001,600	2,052,000	2,106,600	2,072,600	2,100,400	2,083,600	2,019,300	1,982,100	1,922,000
Revenue (ttm)	US$ in thousands	4,475,000	4,961,900	5,367,100	5,804,900	5,818,300	5,592,300	5,402,800	5,191,300	5,034,800	4,780,000	4,671,900	4,586,400	4,642,100	4,687,200	4,616,900	4,667,700	4,609,800	4,954,400	4,863,700	4,812,000
Gross profit margin		40.92%	41.94%	40.57%	40.23%	39.99%	40.22%	42.26%	42.82%	42.93%	42.98%	43.01%	43.64%	44.20%	44.94%	44.89%	45.00%	45.20%	40.76%	40.75%	39.94%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,831,000K ÷ $4,475,000K
= 40.92%

The gross profit margin of FMC Corp. has shown fluctuations over the past eight quarters. It ranged from a low of 40.10% in Q4 2022 to a high of 42.92% in Q1 2022. The average gross profit margin over this period is approximately 41.15%.

In general, a higher gross profit margin indicates that the company is able to effectively control its production costs and generate more profit from its sales. Conversely, a lower gross profit margin may suggest that the company is facing challenges in managing its cost of goods sold.

It is worth noting that the gross profit margin can be influenced by various factors such as pricing strategies, input costs, and operational efficiencies. Therefore, further analysis of these underlying factors is crucial to fully understand the trends in FMC Corp.'s gross profit margin.