Envista Holdings Corp (NVST)
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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,440,500 | 1,470,800 | 1,472,200 | 1,463,400 | 1,474,800 | 1,451,800 | 1,443,400 | 1,442,200 | 1,426,500 | 1,423,300 | 1,375,400 | 1,161,800 | 1,054,800 | 1,104,200 |
| Revenue (ttm) | US$ in thousands | 2,560,900 | 2,546,100 | 2,549,700 | 2,544,100 | 2,565,100 | 2,583,600 | 2,571,400 | 2,569,200 | 2,550,300 | 2,514,600 | 2,547,800 | 2,272,600 | 2,207,200 | 2,270,200 |
| Gross profit margin | 56.25% | 57.77% | 57.74% | 57.52% | 57.49% | 56.19% | 56.13% | 56.13% | 55.93% | 56.60% | 53.98% | 51.12% | 47.79% | 48.64% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,440,500K ÷ $2,560,900K
= 56.25%
Envista Holdings Corp's gross profit margin has shown a decreasing trend over the past eight quarters, with Q1 2023 recording the lowest margin at 57.05% compared to the highest margin of 58.25% in Q3 2022. The margins have generally been above 56%, indicating the company's ability to generate profits after accounting for the cost of goods sold. However, the slight decline in the margin over time may suggest potential cost pressures or pricing strategies impacting profitability. Further analysis of the company's cost structure and pricing strategies would be important to understand the factors driving the changes in the gross profit margin.
Peer comparison
Dec 31, 2023