Polaris Industries Inc (PII)
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 | 1,427,700 | 1,532,400 | 1,686,600 | 1,787,800 | 1,945,600 | 2,056,000 | 2,106,400 | 2,075,800 | 2,002,900 | 1,875,100 | 1,781,500 | 1,858,500 | 1,942,700 | 2,047,500 | 2,116,500 | 1,897,800 | 1,710,200 | 1,583,544 | 1,485,486 | 1,589,234 |
| Revenue (ttm) | US$ in thousands | 7,175,400 | 7,709,200 | 8,235,700 | 8,491,100 | 8,934,400 | 9,049,300 | 9,141,000 | 8,987,200 | 8,764,300 | 8,530,600 | 8,149,500 | 8,203,900 | 8,198,200 | 8,184,100 | 8,179,200 | 7,573,800 | 7,027,900 | 6,607,470 | 6,424,520 | 6,692,040 |
| Gross profit margin | 19.90% | 19.88% | 20.48% | 21.05% | 21.78% | 22.72% | 23.04% | 23.10% | 22.85% | 21.98% | 21.86% | 22.65% | 23.70% | 25.02% | 25.88% | 25.06% | 24.33% | 23.97% | 23.12% | 23.75% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,427,700K ÷ $7,175,400K
= 19.90%
Polaris Industries Inc has shown a fluctuating trend in its gross profit margin over the past few years, based on the provided data. The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold and is a key indicator of a company's operational efficiency.
From March 31, 2020, to June 30, 2021, Polaris Industries Inc experienced a steady increase in its gross profit margin, reaching a peak of 25.88% in June 30, 2021. This upward trend suggests improved cost management and pricing strategies during that period.
However, from September 30, 2021, to December 31, 2024, there was a declining trend in the gross profit margin, dropping to 19.90% by the end of December 31, 2024. This decrease may indicate challenges in managing production costs, pricing pressure, or changes in the competitive landscape that impacted profitability.
It is important for stakeholders to closely monitor Polaris Industries Inc's gross profit margin to assess the company's ability to generate profits from its core operations and to identify any potential areas for improvement in its cost structure and pricing strategies.