Hub Group Inc (HUBG)

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	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	521,070	533,797	513,563	481,851
Revenue (ttm)	US$ in thousands	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	3,660,550	3,778,159	3,798,353	4,056,790
Gross profit margin		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%	14.23%	14.13%	13.52%	11.88%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,392,858K ÷ $4,195,418K
= 80.87%

Based on the provided data, Hub Group, Inc.'s gross profit margin has shown a consistent positive trend over the quarters, reflecting an improvement in the company's ability to generate profits from its core operations. The gross profit margin increased from 15.31% in Q1 2022 to 25.15% in Q4 2023, indicating a steady growth in profitability.

The upward trajectory of the gross profit margin suggests that Hub Group, Inc. has been effectively managing its cost of goods sold and increasing the efficiency of its operations. This may be attributed to better pricing strategies, cost control measures, or operational efficiencies implemented by the company.

Overall, the improving trend in Hub Group, Inc.'s gross profit margin is a positive indicator of the company's financial performance and its ability to generate a higher proportion of revenue as gross profit. It showcases the company's strength in managing its production costs and maximizing the profitability of its products or services.