MSA Safety (MSA)

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	860,445	866,399	877,704	868,471	854,338	811,207	761,841	712,445	673,831	654,703	631,306	619,821	611,777	592,925	579,159	567,841	590,460	598,033	624,502	643,989
Revenue (ttm)	US$ in thousands	1,808,140	1,803,802	1,817,851	1,802,687	1,787,647	1,735,543	1,670,509	1,595,523	1,527,953	1,494,967	1,453,470	1,422,446	1,400,182	1,378,162	1,342,357	1,315,506	1,348,223	1,335,230	1,381,852	1,417,089
Gross profit margin		47.59%	48.03%	48.28%	48.18%	47.79%	46.74%	45.61%	44.65%	44.10%	43.79%	43.43%	43.57%	43.69%	43.02%	43.14%	43.17%	43.80%	44.79%	45.19%	45.44%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $860,445K ÷ $1,808,140K
= 47.59%

The gross profit margin of MSA Safety has shown a slight fluctuation over the periods covered in the data provided. It started at 45.44% as of March 31, 2020, decreased slightly to 43.17% by March 31, 2021, and then fluctuated within a narrow range between 43% and 44% until September 30, 2021.

From December 31, 2021, the gross profit margin started to increase steadily, reaching 48.18% by March 31, 2024. Subsequently, it slightly dipped to 47.59% by December 31, 2024, which is still higher than the margins recorded in the earlier periods.

Overall, the trend reflects some variability in the gross profit margin figures for MSA Safety, with a general increasing trend observed in the later periods. This improvement in gross profit margin may indicate better cost management, efficient production processes, or potentially higher pricing power for the company's products and services during these latter periods.