ITT Inc (ITT)

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 1,247,300 1,216,900 1,182,300 1,146,200 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
Revenue (ttm) US$ in thousands 3,630,700 3,530,800 3,467,700 3,395,700 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
Gross profit margin 34.35% 34.47% 34.09% 33.75% 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%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,247,300K ÷ $3,630,700K
= 34.35%

ITT Inc's gross profit margin has shown some fluctuations over the past few years. The margin ranged from a low of 30.98% in September 2022 to a high of 34.47% in September 2024. Overall, there seems to be a general increasing trend in the gross profit margin from 2022 to 2024, with minor fluctuations in between. This suggests that ITT Inc has been able to effectively manage its cost of goods sold and improve its profitability over this period. However, it is important to continue monitoring the trend to ensure sustained growth in the gross profit margin.