Northwest Natural Gas Co (NWN)

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
Gross profit (ttm)	US$ in thousands	1,005,327	1,026,726	1,004,272	966,410	860,192	783,019	768,925	723,702	691,378	661,171	656,842	646,406	620,721	647,846	645,230	638,381	626,935	606,363
Revenue (ttm)	US$ in thousands	1,197,475	1,217,014	1,192,374	1,149,475	1,037,353	956,190	940,798	894,755	860,400	826,583	818,420	804,474	773,679	760,680	757,713	746,185	746,382	725,810
Gross profit margin		83.95%	84.36%	84.22%	84.07%	82.92%	81.89%	81.73%	80.88%	80.36%	79.99%	80.26%	80.35%	80.23%	85.17%	85.15%	85.55%	84.00%	83.54%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,005,327K ÷ $1,197,475K
= 83.95%

From the data provided, Northwest Natural Holding Co's gross profit margin has shown a fluctuating trend over the past eight quarters. The company's gross profit margin has ranged between 56.81% and 63.60%. In the most recent quarter, Q4 2023, the gross profit margin stood at 58.26%, which is slightly lower compared to the previous quarter at 56.81%.

Northwest Natural Holding Co's gross profit margin peaked in Q2 2022 at 63.60% and has since experienced a gradual decline. This downward trend may indicate potential challenges in managing the cost of goods sold relative to revenue generation.

Overall, the company's gross profit margin has shown some volatility, with a general downward trajectory over the past year. It is essential for Northwest Natural Holding Co to closely monitor its cost structure and pricing strategies to maintain a healthy gross profit margin and ensure sustainable profitability in the long term.