ITT Inc (ITT)
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 | 1,107,300 | 1,069,600 | 1,023,600 | 965,800 | 922,300 | 897,900 | 886,500 | 888,900 | 899,500 | 894,200 | 862,800 | 801,800 | 782,200 | 791,600 | 832,300 | 900,700 | 910,100 | 892,600 | 887,800 | 881,800 |
| Revenue (ttm) | US$ in thousands | 3,283,000 | 3,228,500 | 3,160,000 | 3,059,400 | 2,987,700 | 2,898,500 | 2,834,500 | 2,792,800 | 2,765,000 | 2,788,200 | 2,689,800 | 2,512,900 | 2,477,800 | 2,488,300 | 2,609,000 | 2,814,200 | 2,846,400 | 2,805,700 | 2,774,400 | 2,751,300 |
| Gross profit margin | 33.73% | 33.13% | 32.39% | 31.57% | 30.87% | 30.98% | 31.28% | 31.83% | 32.53% | 32.07% | 32.08% | 31.91% | 31.57% | 31.81% | 31.90% | 32.01% | 31.97% | 31.81% | 32.00% | 32.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,107,300K ÷ $3,283,000K
= 33.73%
Analysis of ITT Inc Gross Profit Margin
The gross profit margin of ITT Inc has shown a generally increasing trend over the past eight quarters. From Q1 2022 to Q4 2023, the gross profit margin has gradually improved from 31.83% to 33.73%. This positive trend suggests that the company has been effectively managing its costs of goods sold and/or increasing its selling prices to improve profitability.
Despite some fluctuations observed in intermediate quarters, the overall trajectory indicates that ITT Inc has been successful in enhancing its gross profit margin over the analyzed period. This improvement is a positive signal for investors and stakeholders, as it reflects the company's ability to generate more profit from its core operations. Further monitoring of this trend will be crucial to assess the company's ongoing performance and competitiveness in the market.
Peer comparison
Dec 31, 2023