NV5 Global Inc (NVEE)
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 | 483,233 | 469,663 | 444,095 | 447,192 | 430,362 | 414,715 | 399,206 | 388,146 | 385,975 | 390,512 | 382,404 | 374,550 | 359,315 | 341,599 | 336,533 | 328,599 | 334,539 | 319,763 | 296,497 | 274,485 |
| Revenue (ttm) | US$ in thousands | 857,905 | 966,943 | 932,890 | 919,202 | 877,471 | 836,060 | 800,848 | 780,942 | 786,779 | 785,516 | 766,994 | 743,765 | 706,706 | 679,329 | 663,725 | 646,911 | 659,296 | 630,716 | 591,799 | 557,084 |
| Gross profit margin | 56.33% | 48.57% | 47.60% | 48.65% | 49.05% | 49.60% | 49.85% | 49.70% | 49.06% | 49.71% | 49.86% | 50.36% | 50.84% | 50.28% | 50.70% | 50.80% | 50.74% | 50.70% | 50.10% | 49.27% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $483,233K ÷ $857,905K
= 56.33%
NV5 Global Inc's gross profit margin has shown a fluctuating trend over the reported periods. The margins have generally been above 49% but have varied between 47.60% and 56.33%.
During the period between March 31, 2020, and December 31, 2021, the gross profit margin consistently increased from 49.27% to 50.84%, indicating improving profitability. However, in the subsequent periods up to June 30, 2022, the margin experienced a slight decline to 49.86%.
From September 30, 2022, onwards, the gross profit margin continued to vary between 49% and 50%, with minor fluctuations. Notably, there was a significant drop in the margin to 47.60% on June 30, 2024, before spiking to 56.33% by December 31, 2024.
Overall, NV5 Global Inc's gross profit margin analysis suggests fluctuations in profitability over the reported periods, with the need to monitor any factors contributing to the varying margins.
Peer comparison
Dec 31, 2024