Chart Industries Inc (GTLS)
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 | 1,042,600 | 832,600 | 661,000 | 475,200 | 407,400 | 365,300 | 335,600 | 324,000 | 324,200 | 329,900 | 333,600 | 333,700 | 332,100 | 319,500 | 333,800 | 322,300 | 297,500 | 296,100 | 285,500 | 286,500 |
| Revenue (ttm) | US$ in thousands | 3,032,900 | 2,546,800 | 2,140,800 | 1,710,400 | 1,594,000 | 1,542,100 | 1,458,600 | 1,372,300 | 1,307,700 | 1,241,200 | 1,181,300 | 1,165,200 | 1,190,400 | 1,220,400 | 1,304,000 | 1,307,300 | 1,280,700 | 1,228,400 | 1,145,600 | 1,476,200 |
| Gross profit margin | 34.38% | 32.69% | 30.88% | 27.78% | 25.56% | 23.69% | 23.01% | 23.61% | 24.79% | 26.58% | 28.24% | 28.64% | 27.90% | 26.18% | 25.60% | 24.65% | 23.23% | 24.10% | 24.92% | 19.41% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,042,600K ÷ $3,032,900K
= 34.38%
Chart Industries Inc has shown a consistent increase in gross profit margin over the past eight quarters, reflecting an improving efficiency in generating profit from its core operations. The gross profit margin has steadily risen from 23.42% in Q1 2022 to 31.03% in Q4 2023. This upward trend indicates that the company has been able to effectively control its cost of goods sold and/or increase the selling price of its products/services. Overall, the increasing gross profit margin demonstrates positive operational performance and potentially improving profitability for Chart Industries Inc.