Goodyear Tire & Rubber Co (GT)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,703,000 | 3,760,000 | 3,788,000 | 3,584,000 | 3,509,000 | 3,327,000 | 3,362,000 | 3,658,000 | 3,852,000 | 4,073,000 | 4,107,000 | 3,968,000 | 3,786,000 | 3,563,000 | 3,213,000 | 2,240,000 | 1,984,000 | 1,932,000 | 2,079,000 | 2,928,000 |
| Revenue (ttm) | US$ in thousands | 18,878,000 | 19,047,000 | 19,365,000 | 19,662,000 | 20,066,000 | 20,324,000 | 20,493,000 | 20,838,000 | 20,805,000 | 20,485,000 | 20,108,000 | 18,875,000 | 17,478,000 | 16,080,000 | 14,611,000 | 12,776,000 | 12,321,000 | 12,378,000 | 12,715,000 | 14,203,000 |
| Gross profit margin | 19.62% | 19.74% | 19.56% | 18.23% | 17.49% | 16.37% | 16.41% | 17.55% | 18.51% | 19.88% | 20.42% | 21.02% | 21.66% | 22.16% | 21.99% | 17.53% | 16.10% | 15.61% | 16.35% | 20.62% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,703,000K ÷ $18,878,000K
= 19.62%
The gross profit margin of Goodyear Tire & Rubber Co has shown fluctuations over the period under review, ranging from a low of 15.61% in September 2020 to a high of 22.16% in September 2021. Generally, the company has managed to maintain a gross profit margin above 15% throughout the period, indicating a reasonable level of profitability after accounting for the cost of goods sold.
The margin peaked at 22.16% in September 2021, suggesting more efficient cost management or potentially higher selling prices compared to other periods. Subsequently, there was a slight decline in the margin, settling around the range of 18% to 20% from March 2022 to December 2024.
While the company experienced some variability in its gross profit margin, the gradual decline from the peak in September 2021 may be an area of concern, warranting further analysis to understand the factors influencing this trend. However, overall, the company has maintained a relatively stable gross profit margin, reflecting its ability to generate profits from its core operations.