FormFactor Inc (FORM)

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	307,492	301,846	286,426	260,000	258,580	235,849	235,114	270,741	303,887	348,243	359,912	340,285	322,767	310,822	307,352	297,236	287,920	284,611	263,180	252,365
Revenue (ttm)	US$ in thousands	763,599	742,279	705,937	664,379	663,102	660,926	670,220	718,211	747,937	786,948	796,043	780,212	769,674	761,719	749,751	719,499	693,616	675,202	637,810	618,004
Gross profit margin		40.27%	40.66%	40.57%	39.13%	39.00%	35.68%	35.08%	37.70%	40.63%	44.25%	45.21%	43.61%	41.94%	40.81%	40.99%	41.31%	41.51%	42.15%	41.26%	40.84%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $307,492K ÷ $763,599K
= 40.27%

FormFactor Inc's gross profit margin has shown some fluctuations over the past few years based on the provided data.

The trend indicates an increase in the gross profit margin from March 31, 2020, to June 30, 2022, reaching a peak of 45.21% in June 30, 2022. This upward trend suggests that the company was effectively controlling its production costs and improving its pricing strategies during this period.

However, from September 30, 2022, to March 31, 2024, the gross profit margin experienced a declining trend, dropping to 37.70% by March 31, 2023. This decrease may indicate increased production costs, pricing pressure, or other operational challenges during this period.

From March 31, 2024, to December 31, 2024, there was a slight improvement in the gross profit margin, reaching 40.27% by December 31, 2024. This improvement could be a result of the company implementing cost-saving measures or adjusting its product mix to generate higher margins.

Overall, FormFactor Inc's gross profit margin has demonstrated volatility, with periods of both growth and decline. It would be important for the company to closely monitor its cost structure and pricing strategies to ensure sustainable profitability in the future.