Johnson Controls International PLC (JCI)
Gross profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,077,000 | 8,869,000 | 8,812,000 | 8,872,000 | 8,971,000 | 9,058,000 | 8,827,000 | 8,543,000 | 8,343,000 | 8,239,000 | 8,236,000 | 8,222,000 | 8,059,000 | 7,843,000 | 7,478,000 | 7,336,000 | 7,411,000 | 7,416,000 | 7,728,000 | 7,771,000 |
| Revenue (ttm) | US$ in thousands | 22,946,000 | 27,224,000 | 26,966,000 | 26,831,000 | 26,865,000 | 26,291,000 | 25,891,000 | 25,349,000 | 25,213,000 | 25,100,000 | 24,823,000 | 24,458,000 | 23,809,000 | 23,275,000 | 22,325,000 | 22,002,000 | 22,321,000 | 22,611,000 | 23,606,000 | 23,983,000 |
| Gross profit margin | 35.20% | 32.58% | 32.68% | 33.07% | 33.39% | 34.45% | 34.09% | 33.70% | 33.09% | 32.82% | 33.18% | 33.62% | 33.85% | 33.70% | 33.50% | 33.34% | 33.20% | 32.80% | 32.74% | 32.40% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,077,000K ÷ $22,946,000K
= 35.20%
Johnson Controls International PLC has shown fluctuating gross profit margins over the past few years. The gross profit margin has ranged from a low of 32.40% in March 2020 to a high of 35.20% in September 2024. Generally, the company's gross profit margin has been hovering around the low to mid-30% range, indicating that it retains a substantial portion of revenue after accounting for direct costs of goods sold.
The slight decline in gross profit margin from December 2023 to March 2024 could be a cause for closer scrutiny as it dropped from 33.07% to 32.68%. However, the subsequent increase in the following quarter indicates that the company may have taken corrective actions to improve its cost structure or pricing strategies.
Overall, Johnson Controls International PLC's gross profit margin performance suggests a moderate level of efficiency in managing its production and sales costs relative to its revenue generation. An upward trend in gross profit margin over time can indicate improving operational efficiency and pricing power, while a declining trend may raise concerns about cost control or competitive pressures.
Peer comparison
Sep 30, 2024
See also:
Johnson Controls International PLC Gross Profit Margin (Quarterly Data)