PHINIA Inc. (PHIN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Mar 31, 2024 | ||
|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 754,000 | 742,000 | 744,000 |
| Revenue (ttm) | US$ in thousands | 3,445,000 | 3,494,000 | 3,542,000 |
| Gross profit margin | 21.89% | 21.24% | 21.01% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $754,000K ÷ $3,445,000K
= 21.89%
The gross profit margin of PHINIA Inc. has shown a gradual increase over the periods analyzed. In March 31, 2024, the gross profit margin stood at 21.01%, demonstrating the company's ability to generate profit from its core business activities after deducting the cost of goods sold. By September 30, 2024, the margin saw a slight improvement to 21.24%, indicating efficient management of production costs and pricing strategies. The most significant rise was observed by the end of December 31, 2024, with the gross profit margin reaching 21.89%, showcasing a positive trend in enhancing profitability. This progression suggests effective cost control measures or potentially higher revenues, contributing to the company's overall financial health.
Peer comparison
Dec 31, 2024