Ingersoll Rand Inc (IR)

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 3,170,000 3,135,800 3,060,100 2,964,300 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
Revenue (ttm) US$ in thousands 7,235,000 7,157,800 7,035,700 6,916,900 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
Gross profit margin 43.81% 43.81% 43.49% 42.86% 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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,170,000K ÷ $7,235,000K
= 43.81%

Ingersoll Rand Inc's gross profit margin has shown a positive trend over the past few years, indicating an improvement in the company's ability to generate profit from its sales. The margin has increased steadily from 36.44% as of March 31, 2020, to 43.81% as of December 31, 2024, with fluctuations along the way. The company experienced some fluctuation in the margin in the interim periods, but overall, there is a general upward trajectory.

The increasing gross profit margin suggests that Ingersoll Rand Inc has been able to effectively control its production costs and maintain pricing power. This improvement in efficiency and profitability can be a positive signal for investors and stakeholders, demonstrating the company's ability to manage its operations effectively and potentially generate higher returns.

Overall, the trend in Ingersoll Rand Inc's gross profit margin indicates a positive performance in terms of profitability and operational efficiency over the analyzed period. Nonetheless, it is important to consider other financial metrics and factors to get a comprehensive understanding of the company's financial health and performance.