Kennametal Inc (KMT)
Gross profit margin
| Jun 30, 2025 | Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 598,069 | 620,900 | 614,911 | 609,478 | 621,367 | 628,537 | 646,075 | 649,368 | 646,438 | 640,424 | 637,130 | 647,195 | 647,977 | 654,026 | 639,581 | 608,155 | 552,478 | 478,231 | 485,074 | 495,563 |
| Revenue (ttm) | US$ in thousands | 1,966,846 | 1,993,706 | 2,023,101 | 2,036,370 | 2,046,898 | 2,053,824 | 2,074,066 | 2,075,867 | 2,078,183 | 2,057,965 | 2,034,188 | 2,023,740 | 2,012,457 | 1,998,412 | 1,970,811 | 1,924,645 | 1,841,441 | 1,704,523 | 1,702,949 | 1,767,522 |
| Gross profit margin | 30.41% | 31.14% | 30.39% | 29.93% | 30.36% | 30.60% | 31.15% | 31.28% | 31.11% | 31.12% | 31.32% | 31.98% | 32.20% | 32.73% | 32.45% | 31.60% | 30.00% | 28.06% | 28.48% | 28.04% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $598,069K ÷ $1,966,846K
= 30.41%
The gross profit margin of Kennametal Inc. demonstrates a generally stable yet modestly fluctuating trend over the analyzed period. Initial values as of September 30, 2020, stood at approximately 28.04%, indicating the proportion of revenue remaining after covering the cost of goods sold. Throughout the subsequent periods, the gross profit margin exhibited an incremental upward trajectory, reaching a peak of around 32.73% on March 31, 2022. This increase suggests an improvement in the company's ability to manage production costs relative to revenue during this period.
From mid-2022 onward, the gross profit margin experienced minor declines, fluctuating within a range around 31%, with notable figures such as 31.98% at September 30, 2022, and 31.15% at December 31, 2023. Recent data indicates a slight downward trend, with figures like 30.60% on March 31, 2024, and further declines to approximately 29.93% on September 30, 2024. However, this is followed by a modest recovery to 30.39% and further to 31.14% on March 31, 2025.
Overall, the company's gross profit margin has remained relatively stable over time, generally oscillating around 30%, with periods of slight improvement and decline. These fluctuations may reflect changes in cost control efficiency, product mix, pricing strategies, or input costs, but they do not suggest significant volatility. The steady nature of the gross profit margin indicates consistent management of direct production costs relative to revenues across the analyzed period.