RB Global Inc. (RBA)

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	2,409,995	1,667,427	1,691,827	1,804,912	1,683,832	1,532,541	1,282,246	1,018,282	957,106	926,823	897,769	860,729	822,186	811,549	813,964	794,136	761,670	736,649	691,587	678,255
Revenue (ttm)	US$ in thousands	4,279,210	4,207,280	4,245,280	4,255,910	3,708,370	3,082,561	2,474,240	1,852,286	1,733,807	1,649,319	1,567,522	1,479,337	1,416,971	1,441,011	1,442,871	1,435,560	1,377,260	1,326,041	1,284,295	1,288,467
Gross profit margin		56.32%	39.63%	39.85%	42.41%	45.41%	49.72%	51.82%	54.97%	55.20%	56.19%	57.27%	58.18%	58.02%	56.32%	56.41%	55.32%	55.30%	55.55%	53.85%	52.64%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,409,995K ÷ $4,279,210K
= 56.32%

RB Global Inc.'s gross profit margin has exhibited some fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at 52.64% in March 2020 and gradually increased to reach a peak of 58.18% in March 2022. However, after that point, the margin experienced a downward trend, declining to 45.41% by December 31, 2023. This decrease continued into the first half of 2024, hitting a low of 39.85% by June 30, 2024.

It is worth noting that there was a significant increase in the gross profit margin in the second half of 2024, rising to 56.32% by December 31, 2024. This sudden improvement may indicate successful cost management or price adjustments during that period. Overall, the trend in RB Global Inc.'s gross profit margin shows both fluctuations and moments of stability, reflecting the company's ability to manage its cost of goods sold and generate profits from its operations.