NV5 Global Inc (NVEE)
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 | 430,362 | 414,715 | 399,206 | 388,146 | 385,975 | 390,512 | 382,404 | 374,550 | 359,315 | 341,598 | 336,532 | 328,598 | 334,538 | 319,762 | 296,497 | 274,485 | 245,383 | 234,463 | 220,941 | 210,203 |
| Revenue (ttm) | US$ in thousands | 1,259,381 | 1,179,473 | 1,145,347 | 1,121,586 | 1,126,509 | 1,091,459 | 1,072,465 | 1,048,555 | 1,010,092 | 967,430 | 949,570 | 930,193 | 941,447 | 619,405 | 583,798 | 552,757 | 507,709 | 490,455 | 463,578 | 439,429 |
| Gross profit margin | 34.17% | 35.16% | 34.85% | 34.61% | 34.26% | 35.78% | 35.66% | 35.72% | 35.57% | 35.31% | 35.44% | 35.33% | 35.53% | 51.62% | 50.79% | 49.66% | 48.33% | 47.81% | 47.66% | 47.84% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $430,362K ÷ $1,259,381K
= 34.17%
The gross profit margin of NV5 Global Inc has shown fluctuations over the past few quarters. The margin ranged between 34.17% and 35.78% in the last year, with a general downward trend. However, there was a significant increase in the gross profit margin in the last quarter of 2020, reaching 51.62%, before gradually declining in subsequent quarters. This fluctuation may indicate changes in the company's cost of goods sold or pricing strategy. Further analysis of the underlying factors driving these changes is recommended to gain a deeper understanding of NV5 Global Inc's financial performance.
Peer comparison
Dec 31, 2023