Masco Corporation (MAS)
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 | 2,836,000 | 2,727,000 | 2,678,000 | 2,678,000 | 2,713,000 | 2,787,000 | 2,845,000 | 2,867,000 | 2,863,000 | 2,904,000 | 2,903,000 | 2,740,000 | 2,587,000 | 2,492,000 | 2,351,000 | 2,396,000 | 2,371,000 | 2,374,000 | 2,333,000 | 2,308,000 |
| Revenue (ttm) | US$ in thousands | 7,861,000 | 7,896,000 | 8,121,000 | 8,341,000 | 8,568,000 | 8,318,000 | 8,321,000 | 8,159,000 | 7,747,000 | 7,958,000 | 7,728,000 | 7,303,000 | 7,072,000 | 6,851,000 | 6,811,000 | 7,316,000 | 7,648,000 | 8,050,000 | 8,210,000 | 8,228,000 |
| Gross profit margin | 36.08% | 34.54% | 32.98% | 32.11% | 31.66% | 33.51% | 34.19% | 35.14% | 36.96% | 36.49% | 37.56% | 37.52% | 36.58% | 36.37% | 34.52% | 32.75% | 31.00% | 29.49% | 28.42% | 28.05% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,836,000K ÷ $7,861,000K
= 36.08%
The gross profit margin of Masco Corp. has shown a consistent improvement over the past four quarters, indicating the company's ability to effectively manage its production costs relative to its sales revenue. The margin increased from 31.26% in Q4 2022 to 35.60% in Q4 2023, reflecting efficient cost control and potentially higher pricing power. This trend suggests improved profitability and operational efficiency for Masco Corp. over the analyzed period. Additionally, the quarterly data indicates that the gross profit margin has been on an upward trajectory, reaching its highest point in Q4 2023. This positive trend is favorable for the company's financial performance and may signal strength in its business operations.
Peer comparison
Dec 31, 2023