Graco Inc (GGG)
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 | 1,161,021 | 1,133,895 | 1,110,459 | 1,088,104 | 1,057,439 | 1,059,180 | 1,046,326 | 1,041,090 | 1,033,949 | 1,004,216 | 984,935 | 903,640 | 854,937 | 819,494 | 797,920 | 842,345 | 859,756 | 859,131 | 873,211 | 876,160 |
| Revenue (ttm) | US$ in thousands | 2,195,606 | 2,184,007 | 2,189,979 | 2,178,882 | 2,143,521 | 2,128,095 | 2,069,147 | 2,027,764 | 1,987,608 | 1,918,329 | 1,870,949 | 1,730,677 | 1,650,115 | 1,592,067 | 1,553,306 | 1,614,742 | 1,646,045 | 1,640,191 | 1,655,572 | 1,651,814 |
| Gross profit margin | 52.88% | 51.92% | 50.71% | 49.94% | 49.33% | 49.77% | 50.57% | 51.34% | 52.02% | 52.35% | 52.64% | 52.21% | 51.81% | 51.47% | 51.37% | 52.17% | 52.23% | 52.38% | 52.74% | 53.04% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,161,021K ÷ $2,195,606K
= 52.88%
The gross profit margin of Graco Inc has shown a fluctuating trend over the past few quarters, ranging between 49.33% and 52.88%. The company's gross profit margin peaked at 53.04% in the third quarter of 2019 but has experienced a slight decline since then. Despite the fluctuations, overall, Graco Inc has maintained a relatively healthy gross profit margin, indicating efficient cost management and strong pricing strategies. Further analysis of the underlying factors influencing the gross profit margin is needed to understand the drivers behind these fluctuations and assess the company's performance in generating revenue from its core operations.
Peer comparison
Dec 31, 2023