Integer Holdings Corp (ITGR)
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 | 418,289 | 405,949 | 387,111 | 374,204 | 359,006 | 342,956 | 338,110 | 333,959 | 336,970 | 328,313 | 304,374 | 273,491 | 285,707 | 288,528 | 323,981 | 363,102 | 355,010 | 367,425 | 365,962 | 367,743 |
| Revenue (ttm) | US$ in thousands | 1,533,846 | 1,492,296 | 1,435,589 | 1,388,858 | 1,330,022 | 1,281,365 | 1,247,921 | 1,209,740 | 1,187,800 | 1,149,039 | 1,089,308 | 1,025,616 | 1,073,442 | 1,130,120 | 1,184,617 | 1,246,095 | 1,218,156 | 1,195,553 | 1,146,376 | 1,143,613 |
| Gross profit margin | 27.27% | 27.20% | 26.97% | 26.94% | 26.99% | 26.76% | 27.09% | 27.61% | 28.37% | 28.57% | 27.94% | 26.67% | 26.62% | 25.53% | 27.35% | 29.14% | 29.14% | 30.73% | 31.92% | 32.16% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $418,289K ÷ $1,533,846K
= 27.27%
Integer Holdings Corp has maintained relatively stable gross profit margins over the past eight quarters. The gross profit margin has fluctuated in a narrow range, with figures ranging from 25.91% to 26.90%. In the most recent quarter, Q4 2023, the gross profit margin was 26.20%, slightly higher than the previous quarter. This indicates that the company is effectively managing its cost of goods sold and generating a reasonable level of profit from its revenue. Overall, the consistent gross profit margin suggests that Integer Holdings Corp has been able to maintain efficiency in its production processes and pricing strategies.
Peer comparison
Dec 31, 2023