General Dynamics Corporation (GD)
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 | 31,355,000 | 30,567,000 | 29,998,000 | 29,018,000 | 36,112,000 | 35,641,000 | 35,232,000 | 35,300,000 | 35,334,000 | 35,584,000 | 35,461,000 | 35,455,000 | 34,832,000 | 26,370,000 | 18,648,000 | 11,038,000 | 3,836,000 | 3,974,000 | 3,894,000 | 4,688,000 |
| Revenue (ttm) | US$ in thousands | 42,363,000 | 41,560,000 | 40,963,000 | 39,994,000 | 39,407,000 | 38,900,000 | 38,480,000 | 38,497,000 | 38,469,000 | 38,684,000 | 38,528,000 | 38,549,000 | 37,925,000 | 38,199,000 | 38,536,000 | 38,844,000 | 39,346,000 | 38,856,000 | 38,186,000 | 37,932,000 |
| Gross profit margin | 74.02% | 73.55% | 73.23% | 72.56% | 91.64% | 91.62% | 91.56% | 91.70% | 91.85% | 91.99% | 92.04% | 91.97% | 91.84% | 69.03% | 48.39% | 28.42% | 9.75% | 10.23% | 10.20% | 12.36% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $31,355,000K ÷ $42,363,000K
= 74.02%
General Dynamics Corp.'s gross profit margin has shown a fluctuating trend over the past eight quarters. In Q1 2022, the gross profit margin was at 16.75%, which then increased to 16.97% in Q2 2022 before slightly declining to 16.88% in Q3 2022. The margin further decreased to 16.80% in Q4 2022 but showed signs of recovery in Q1 2023, reaching 16.57%. However, in the latest quarter, Q4 2023, the gross profit margin decreased to 15.78%.
Overall, the downward trend in the gross profit margin from 16.80% in Q4 2022 to 15.78% in Q4 2023 suggests potential challenges in managing production costs or pricing strategies. Further analysis of the company's cost structure and revenue streams would be beneficial to understand the factors influencing these fluctuations in the gross profit margin.
Peer comparison
Dec 31, 2023
See also:
General Dynamics Corporation Gross Profit Margin (Quarterly Data)