IDEX Corporation (IEX)
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 | 1,446,900 | 1,455,800 | 1,488,000 | 1,466,900 | 1,426,900 | 1,395,400 | 1,325,200 | 1,274,400 | 1,224,500 | 1,179,468 | 1,119,368 | 1,048,068 | 1,027,424 | 1,025,141 | 1,055,619 | 1,113,156 | 1,125,034 | 1,131,792 | 1,130,047 | 1,125,077 |
| Revenue (ttm) | US$ in thousands | 3,273,900 | 3,295,700 | 3,326,300 | 3,276,200 | 3,181,900 | 3,086,000 | 2,974,000 | 2,863,900 | 2,764,800 | 2,664,822 | 2,533,935 | 2,409,184 | 2,351,646 | 2,342,821 | 2,385,954 | 2,466,804 | 2,494,573 | 2,502,670 | 2,501,312 | 2,493,573 |
| Gross profit margin | 44.19% | 44.17% | 44.73% | 44.77% | 44.84% | 45.22% | 44.56% | 44.50% | 44.29% | 44.26% | 44.18% | 43.50% | 43.69% | 43.76% | 44.24% | 45.13% | 45.10% | 45.22% | 45.18% | 45.12% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,446,900K ÷ $3,273,900K
= 44.19%
The gross profit margin of Idex Corporation has shown relatively stable performance over the past eight quarters, ranging from 44.17% to 45.22%. The margins have generally been in the mid-40% range, indicating that the company has been able to effectively manage its cost of goods sold and generate a healthy level of profit from its sales revenue. The slight fluctuations in the margins suggest that Idex has maintained consistent pricing strategies and cost control measures. Overall, the gross profit margin trend indicates operational efficiency and effective management of production costs.
Peer comparison
Dec 31, 2023