Mettler-Toledo International Inc (MTD)

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	2,241,286	2,321,788	2,346,905	2,335,023	2,308,042	2,283,035	2,254,199	2,219,442	2,171,553	2,123,464	2,037,252	1,898,318	1,801,031	1,740,285	1,705,733	1,727,301	1,741,211	1,720,479	1,704,677	1,697,764
Revenue (ttm)	US$ in thousands	3,788,309	3,910,997	3,954,381	3,950,651	3,919,704	3,899,264	3,865,368	3,811,332	3,717,931	3,618,676	3,474,083	3,240,405	3,085,177	2,991,160	2,937,669	2,978,362	3,008,652	2,982,607	2,963,587	2,954,217
Gross profit margin		59.16%	59.37%	59.35%	59.10%	58.88%	58.55%	58.32%	58.23%	58.41%	58.68%	58.64%	58.58%	58.38%	58.18%	58.06%	57.99%	57.87%	57.68%	57.52%	57.47%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,241,286K ÷ $3,788,309K
= 59.16%

The gross profit margin of Mettler-Toledo International, Inc. has exhibited a steady increase over the past eight quarters, indicating the company's effective management of its cost of goods sold. The gross profit margin ranged from 58.23% in Q1 2022 to 59.37% in Q3 2023, highlighting consistent profitability in the company's operations.

The progressive improvement in the gross profit margin reflects Mettler-Toledo's ability to maintain healthy pricing strategies, control production costs, and potentially benefit from economies of scale. This trend suggests that the company is efficiently converting its revenue into gross profit, which is a positive signal for investors and stakeholders.

Overall, the sustained uptrend in the gross profit margin for Mettler-Toledo International, Inc. underscores the company's operational efficiency, competitive positioning, and potential for sustainable profitability in the future.