Generac Holdings Inc (GNRC)
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 | 1,365,431 | 1,319,874 | 1,305,191 | 1,433,755 | 1,522,004 | 1,541,376 | 1,516,266 | 1,399,016 | 1,360,082 | 1,297,745 | 1,237,900 | 1,107,148 | 957,654 | 879,674 | 821,042 | 807,897 | 797,752 | 779,836 | 762,653 | 745,288 |
| Revenue (ttm) | US$ in thousands | 3,949,805 | 3,935,365 | 3,962,145 | 4,264,295 | 4,525,680 | 4,543,520 | 4,405,498 | 4,039,517 | 3,712,928 | 3,406,940 | 3,165,481 | 2,792,968 | 2,460,119 | 2,289,969 | 2,187,141 | 2,179,689 | 2,172,908 | 2,145,380 | 2,104,640 | 2,055,791 |
| Gross profit margin | 34.57% | 33.54% | 32.94% | 33.62% | 33.63% | 33.92% | 34.42% | 34.63% | 36.63% | 38.09% | 39.11% | 39.64% | 38.93% | 38.41% | 37.54% | 37.06% | 36.71% | 36.35% | 36.24% | 36.25% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,365,431K ÷ $3,949,805K
= 34.57%
Generac Holdings Inc's gross profit margin has shown some fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was 33.94%, slightly higher than the previous quarter's 32.93%. This improvement may indicate better cost management or pricing strategies implemented by the company. However, the gross profit margin in Q4 2023 was still lower compared to the same quarter in the previous year, where it stood at 33.34%.
Overall, Generac Holdings Inc has maintained a gross profit margin ranging between 32.42% and 34.41% over the past two years. This consistency suggests that the company has been able to effectively control its production costs and maintain a healthy margin on its products. It is essential for Generac to continue monitoring and analyzing its gross profit margin to ensure profitability and sustainable growth in the future.
Peer comparison
Dec 31, 2023