GE Aerospace (GE)
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 | 45,980,000 | 47,272,000 | 48,151,000 | 49,596,000 | 49,798,000 | 49,444,000 | 35,701,000 | 21,726,000 | 10,869,000 | 10,167,000 | 8,532,000 | 4,588,000 | 4,624,000 | 2,103,000 | 3,232,000 | 7,301,000 | 8,201,000 | 33,474,000 | 34,716,000 | 58,700,000 |
| Revenue (ttm) | US$ in thousands | 67,954,000 | 65,359,000 | 62,483,000 | 59,911,000 | 58,100,000 | 61,575,000 | 65,674,000 | 69,800,000 | 74,196,000 | 74,926,000 | 74,966,000 | 73,524,000 | 75,833,000 | 76,045,000 | 80,796,000 | 87,399,000 | 90,221,000 | 95,475,000 | 95,507,000 | 101,255,000 |
| Gross profit margin | 67.66% | 72.33% | 77.06% | 82.78% | 85.71% | 80.30% | 54.36% | 31.13% | 14.65% | 13.57% | 11.38% | 6.24% | 6.10% | 2.77% | 4.00% | 8.35% | 9.09% | 35.06% | 36.35% | 57.97% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $45,980,000K ÷ $67,954,000K
= 67.66%
The gross profit margin of General Electric Co. has shown a declining trend over the past eight quarters, starting at 27.46% in Q4 2022 and decreasing to 25.84% in Q4 2023. The margin peaked at 28.25% in Q2 2022 but has since been on a downward trajectory. This decreasing trend indicates that the company's cost of goods sold relative to its revenue has been increasing, leading to a lower percentage of revenue retained as gross profit. Further investigation into the factors contributing to this trend, such as changes in product pricing, production costs, or competitive pressures, would be necessary to fully understand the implications for General Electric Co.'s financial performance.
Peer comparison
Dec 31, 2023