Enpro Industries (NPO)
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 | 444,800 | 431,800 | 421,100 | 416,900 | 426,800 | 436,000 | 447,200 | 462,900 | 461,400 | 456,600 | 455,300 | 441,800 | 436,600 | 439,400 | 424,400 | 389,900 | 375,800 | 370,400 | 390,900 | 433,500 |
| Revenue (ttm) | US$ in thousands | 1,048,700 | 1,039,400 | 1,029,200 | 1,034,200 | 1,059,300 | 1,082,100 | 1,111,500 | 1,167,900 | 1,214,000 | 1,222,900 | 1,225,900 | 1,191,200 | 1,141,800 | 1,137,000 | 1,122,200 | 1,070,600 | 1,074,000 | 1,084,500 | 1,189,200 | 1,329,200 |
| Gross profit margin | 42.41% | 41.54% | 40.92% | 40.31% | 40.29% | 40.29% | 40.23% | 39.64% | 38.01% | 37.34% | 37.14% | 37.09% | 38.24% | 38.65% | 37.82% | 36.42% | 34.99% | 34.15% | 32.87% | 32.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $444,800K ÷ $1,048,700K
= 42.41%
Enpro Industries has shown a consistent improvement in its gross profit margin over the periods analyzed. The gross profit margin increased from 32.61% as of March 31, 2020, to 42.41% as of December 31, 2024. This indicates that the company has been effectively managing its production costs and increasing profitability from its core operations.
Notable increases in the gross profit margin were observed in the first half of 2023, where the margin rose from 37.09% as of March 31, 2022, to 40.23% as of June 30, 2023. Subsequently, from December 31, 2023, to December 31, 2024, the gross profit margin continued to improve steadily, reaching the highest point in the period analyzed.
The consistent growth in the gross profit margin reflects Enpro Industries' ability to generate more revenue from the sale of goods while effectively controlling the direct costs associated with production. This positive trend indicates operational efficiency and potentially favorable pricing strategies that have resulted in improved profitability for the company.
Overall, the increasing trend in the gross profit margin demonstrates Enpro Industries' strong financial performance and effective management of its cost structure, which bodes well for its long-term sustainability and financial health.