MasTec Inc (MTZ)
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 | -110,717 | -108,583 | -85,311 | -136,164 | -72,913 | -753 | 56,272 | 139,907 | 302,242 | 574,218 | 603,700 | 585,567 | 538,944 | 499,444 | 585,598 | 2,390,845 | 3,810,642 | 5,405,442 | 7,066,020 | 6,747,340 |
| Revenue (ttm) | US$ in thousands | 11,995,910 | 11,724,180 | 10,980,560 | 10,408,250 | 9,777,990 | 8,579,070 | 8,469,890 | 8,130,800 | 7,951,820 | 7,779,220 | 7,073,200 | 6,679,800 | 6,320,980 | 6,393,480 | 6,711,800 | 7,081,500 | 7,183,200 | 7,391,500 | 7,352,100 | 7,030,900 |
| Gross profit margin | -0.92% | -0.93% | -0.78% | -1.31% | -0.75% | -0.01% | 0.66% | 1.72% | 3.80% | 7.38% | 8.54% | 8.77% | 8.53% | 7.81% | 8.72% | 33.76% | 53.05% | 73.13% | 96.11% | 95.97% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $-110,717K ÷ $11,995,910K
= -0.92%
MasTec Inc's gross profit margin has experienced fluctuations over the past few quarters. The gross profit margin was negative in the most recent quarter, indicating that the company's cost of goods sold exceeded its revenue from sales. This negative trend continued from the previous quarter, indicating a challenge in managing production or procurement costs.
However, looking back over the past year, the gross profit margin has shown significant variability. The margin reached a peak of 96.11% in the first quarter of 2019 but has since declined. This decline could be due to various factors such as changes in pricing strategies, cost structures, or demand for the company's services.
Overall, the trend in MasTec Inc's gross profit margin suggests a need for careful monitoring and analysis to identify underlying reasons for the fluctuations and to implement strategies for improvement.
Peer comparison
Dec 31, 2023