Ingersoll Rand Inc (IR)
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 | 2,882,200 | 2,755,400 | 2,591,400 | 2,463,700 | 2,325,600 | 2,180,600 | 2,119,600 | 2,062,500 | 1,988,500 | 1,942,100 | 1,857,800 | 1,653,700 | 1,419,300 | 1,048,200 | 839,700 | 765,500 | 778,300 | 955,400 | 996,300 | 1,011,200 |
| Revenue (ttm) | US$ in thousands | 6,876,100 | 6,678,400 | 6,455,200 | 6,208,600 | 5,916,300 | 5,711,400 | 5,520,700 | 5,359,900 | 5,152,400 | 4,952,100 | 4,739,600 | 4,485,900 | 4,059,900 | 3,012,800 | 2,497,000 | 2,100,700 | 2,017,500 | 2,558,800 | 2,651,400 | 2,690,500 |
| Gross profit margin | 41.92% | 41.26% | 40.14% | 39.68% | 39.31% | 38.18% | 38.39% | 38.48% | 38.59% | 39.22% | 39.20% | 36.86% | 34.96% | 34.79% | 33.63% | 36.44% | 38.58% | 37.34% | 37.58% | 37.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,882,200K ÷ $6,876,100K
= 41.92%
Ingersoll-Rand Inc's gross profit margin has shown a consistent improvement over the past eight quarters, indicating the company's ability to efficiently generate profits from its sales. The upward trend in gross profit margin, from 39.31% in Q4 2022 to 41.92% in Q4 2023, suggests that Ingersoll-Rand has been effectively managing its production costs and pricing strategies. This steady improvement reflects positively on the company's operational efficiency and competitive positioning within its industry. Overall, Ingersoll-Rand's increasing gross profit margin trend indicates a healthy financial performance and effective cost management strategies.
Peer comparison
Dec 31, 2023