Graco Inc (GGG)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 506,511 | 522,749 | 505,858 | 488,968 | 460,645 | 454,685 | 442,282 | 435,022 | 439,866 | 434,325 | 444,611 | 363,325 | 330,456 | 300,600 | 270,617 | 329,922 | 343,853 | 332,741 | 341,290 | 342,293 |
| 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 |
| Net profit margin | 23.07% | 23.94% | 23.10% | 22.44% | 21.49% | 21.37% | 21.38% | 21.45% | 22.13% | 22.64% | 23.76% | 20.99% | 20.03% | 18.88% | 17.42% | 20.43% | 20.89% | 20.29% | 20.61% | 20.72% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $506,511K ÷ $2,195,606K
= 23.07%
Graco Inc's net profit margin has shown some fluctuation over the past few quarters. The net profit margin indicates the percentage of sales revenue that translates into profit after all expenses are accounted for. In general, a higher net profit margin implies better profitability.
From the data provided, we can see that Graco Inc's net profit margin has ranged from a low of 17.42% in June 2020 to a high of 23.94% in September 2023. Over the last five quarters, there has been a general upward trend in the net profit margin, with the company consistently achieving margins above 20%.
The increase in net profit margin can be seen as a positive sign, indicating that Graco Inc has been effectively managing its expenses relative to its revenue. This improvement suggests that the company may have implemented cost-cutting measures, increased operational efficiency, or experienced higher sales volumes leading to better profitability.
Overall, Graco Inc's net profit margin performance indicates a healthy financial position and efficient management of resources. Continued monitoring of this metric will be essential to assess the company's profitability and financial health in the future.
Peer comparison
Dec 31, 2023