GATX Corporation (GATX)

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	817,500	749,600	722,600	678,300	670,000	667,100	670,000	698,700	689,200	602,800	604,200	596,200	599,900	651,700	697,500	748,900	759,200	758,900	754,900	750,500
Revenue (ttm)	US$ in thousands	1,410,900	1,364,900	1,325,800	1,295,300	1,273,000	1,271,300	1,263,800	1,268,200	1,257,400	1,241,300	1,232,200	1,215,600	1,209,200	1,204,800	1,199,200	1,196,200	1,202,100	1,258,000	1,308,900	1,360,900
Gross profit margin		57.94%	54.92%	54.50%	52.37%	52.63%	52.47%	53.01%	55.09%	54.81%	48.56%	49.03%	49.05%	49.61%	54.09%	58.16%	62.61%	63.16%	60.33%	57.67%	55.15%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $817,500K ÷ $1,410,900K
= 57.94%

Based on the data provided, GATX Corp. has consistently maintained a gross profit margin of 100% across all quarters displayed. A gross profit margin of 100% indicates that the company is able to generate revenue sufficient to cover the cost of goods sold, resulting in no cost of goods sold deducted from revenue. This may indicate efficient cost management practices, effective pricing strategies, or a high value-added product or service offering. It is uncommon for a company to consistently maintain a gross profit margin of 100% over multiple quarters, and it may warrant further investigation into the company's cost structure, revenue recognition practices, and overall financial health.