Proto Labs Inc (PRLB)
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 | 223,200 | 227,055 | 229,107 | 225,684 | 221,993 | 214,788 | 209,138 | 213,437 | 215,465 | 222,270 | 223,962 | 223,165 | 222,691 | 219,907 | 219,226 | 215,057 | 217,827 | 221,777 | 226,750 | 234,530 |
| Revenue (ttm) | US$ in thousands | 500,890 | 504,188 | 509,274 | 505,908 | 503,877 | 494,436 | 485,452 | 490,089 | 488,398 | 496,373 | 499,994 | 496,140 | 488,098 | 469,724 | 451,886 | 435,413 | 434,395 | 441,076 | 451,027 | 460,384 |
| Gross profit margin | 44.56% | 45.03% | 44.99% | 44.61% | 44.06% | 43.44% | 43.08% | 43.55% | 44.12% | 44.78% | 44.79% | 44.98% | 45.62% | 46.82% | 48.51% | 49.39% | 50.14% | 50.28% | 50.27% | 50.94% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $223,200K ÷ $500,890K
= 44.56%
Proto Labs Inc's gross profit margin has shown a decreasing trend over the period from March 31, 2020, to December 31, 2024. The margin decreased from 50.94% in March 2020 to 44.56% in December 2024. This decline indicates a reduction in the percentage of revenue that remains after deducting the cost of goods sold. It could be indicative of lower pricing power, increased production costs, or a change in product mix over the period.
The decreasing trend in the gross profit margin may raise concerns about the company's profitability and efficiency in managing its production costs. Investors and stakeholders may closely monitor this metric to assess Proto Labs Inc's ability to maintain competitive pricing while controlling costs effectively. Further analysis and investigation into the underlying factors affecting the gross profit margin will be essential for a comprehensive assessment of the company's financial performance.
Peer comparison
Dec 31, 2024