Proto Labs Inc (PRLB)
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 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 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 | 235,290 | 237,867 | 240,654 | 239,631 |
| Revenue (ttm) | US$ in thousands | 502,822 | 494,378 | 485,394 | 490,031 | 488,340 | 495,725 | 499,346 | 495,492 | 487,616 | 469,888 | 452,050 | 435,577 | 434,393 | 441,076 | 451,027 | 460,384 | 458,728 | 459,608 | 457,583 | 451,303 |
| Gross profit margin | 44.15% | 43.45% | 43.09% | 43.56% | 44.12% | 44.84% | 44.85% | 45.04% | 45.67% | 46.80% | 48.50% | 49.37% | 50.15% | 50.28% | 50.27% | 50.94% | 51.29% | 51.75% | 52.59% | 53.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $221,993K ÷ $502,822K
= 44.15%
The gross profit margin of Proto Labs Inc has shown slight fluctuations over the past eight quarters. In Q4 2023, the gross profit margin was 44.06%, slightly lower than the previous quarter's 43.44%. However, this is still within the range of gross profit margins seen in the previous quarters, which have generally been around the mid-40% range. This indicates that the company has been able to maintain healthy levels of profitability from its core business activities.
It is important to note that even though there have been some fluctuations in the gross profit margin over the quarters, the variations have been relatively small and have not deviated significantly from the overall trend. This consistency suggests that Proto Labs Inc has been able to effectively manage its cost of goods sold and maintain a solid level of efficiency in its production processes.
Overall, the gross profit margin trend of Proto Labs Inc indicates a consistent and stable performance in generating profits from its core operations. This provides investors and stakeholders with insights into the company's ability to effectively manage costs and generate profits from its products and services.
Peer comparison
Dec 31, 2023