General Dynamics Corporation (GD)
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 | 44,262,000 | 42,672,000 | 41,601,000 | 39,808,000 | 38,982,000 | 38,194,000 | 37,625,000 | 36,645,000 | 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 |
| Revenue (ttm) | US$ in thousands | 47,716,000 | 46,063,000 | 44,960,000 | 43,131,000 | 42,272,000 | 41,469,000 | 40,872,000 | 39,903,000 | 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 |
| Gross profit margin | 92.76% | 92.64% | 92.53% | 92.30% | 92.22% | 92.10% | 92.06% | 91.84% | 91.64% | 91.62% | 91.56% | 91.70% | 91.85% | 91.99% | 92.04% | 91.97% | 91.84% | 69.03% | 48.39% | 28.42% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $44,262,000K ÷ $47,716,000K
= 92.76%
General Dynamics Corporation has demonstrated a consistently increasing trend in its gross profit margin over the specified period. Starting at 28.42% in March 2020, the margin significantly improved to 48.39% by June 2020. Subsequently, there were substantial growths in the margin, reaching 91.84% by December 2020.
The trend of increasing gross profit margin continued to be impressive as it surpassed the 90% mark in the following quarters, demonstrating a high level of efficiency in the company's cost management and revenue generation. Notably, the margin reached its peak of 92.76% by December 2024.
This sustained improvement in the gross profit margin indicates effective cost control, pricing strategies, and possibly economies of scale for General Dynamics Corporation. Overall, the steady growth in the gross profit margin portrays positive financial health and operational efficiency within the company during the specified period.
Peer comparison
Dec 31, 2024
See also:
General Dynamics Corporation Gross Profit Margin (Quarterly Data)