GE Vernova LLC (GEV)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | ||
|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,684,000 | 5,626,000 | 5,034,000 | 4,803,000 |
| Revenue (ttm) | US$ in thousands | 34,432,000 | 33,771,000 | 33,677,000 | 33,239,000 |
| Gross profit margin | 16.51% | 16.66% | 14.95% | 14.45% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,684,000K ÷ $34,432,000K
= 16.51%
The gross profit margin of GE Vernova LLC has shown a positive trend over the past year, increasing from 14.45% in December 2023 to 16.51% in September 2024. This suggests that the company has been able to effectively manage its production costs and pricing strategies to improve its profitability. The steady improvement in the gross profit margin indicates that the company is becoming more efficient in generating profits from its core business activities. It is important for the company to continue monitoring and optimizing its cost structure to sustain and potentially further enhance its gross profit margin in the future.
Peer comparison
Sep 30, 2024