Hub Group Inc (HUBG)

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	3,111,576	3,128,949	3,169,649	3,224,039	3,392,858	2,815,230	2,215,879	1,629,337	889,505	897,820	832,187	705,910	599,640	492,467	442,902	429,590	425,437	445,738	472,921	498,375
Revenue (ttm)	US$ in thousands	3,944,208	3,952,977	3,987,385	4,038,240	4,195,418	4,499,370	4,831,330	5,194,040	5,341,940	5,319,660	5,039,710	4,619,111	4,237,513	3,925,073	3,774,338	3,571,114	3,487,825	3,435,776	3,423,820	3,566,056
Gross profit margin		78.89%	79.15%	79.49%	79.84%	80.87%	62.57%	45.86%	31.37%	16.65%	16.88%	16.51%	15.28%	14.15%	12.55%	11.73%	12.03%	12.20%	12.97%	13.81%	13.98%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,111,576K ÷ $3,944,208K
= 78.89%

Hub Group Inc's gross profit margin has displayed fluctuations over the analyzed period from March 31, 2020, to December 31, 2024. The margin started at 13.98% in March 2020, showing a gradual decline until June 30, 2021, when it reached 11.73%. After this period, the margin began to recover, increasing steadily to 16.88% by September 30, 2022. Notably, there was a significant jump in the gross profit margin to 31.37% by March 31, 2023, followed by substantial growth to 80.87% by December 31, 2023. However, the margin slightly decreased in the following periods, stabilizing at around 79% from June 30, 2024, to December 31, 2024. This upward trend in the gross profit margin indicates an improvement in Hub Group Inc's ability to generate profit after accounting for the cost of goods sold, reflecting positively on the company's operational efficiency and profitability.