Sturm Ruger & Company Inc (RGR)

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	133,619	140,916	155,057	160,463	180,085	203,963	229,896	265,099	279,557	280,320	266,670	227,998	191,441	152,028	120,743	102,960	99,548	108,614	116,839	131,136
Revenue (ttm)	US$ in thousands	543,767	562,374	580,871	578,720	595,842	614,659	653,515	712,934	730,736	731,955	699,414	629,606	568,868	504,747	454,041	420,106	410,506	426,488	446,434	478,516
Gross profit margin		24.57%	25.06%	26.69%	27.73%	30.22%	33.18%	35.18%	37.18%	38.26%	38.30%	38.13%	36.21%	33.65%	30.12%	26.59%	24.51%	24.25%	25.47%	26.17%	27.40%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $133,619K ÷ $543,767K
= 24.57%

The gross profit margin of Sturm, Ruger & Co., Inc. has shown a declining trend over the past eight quarters, falling from 37.18% in Q1 2022 to 24.57% in Q4 2023. This could indicate increasing costs of goods sold relative to sales revenue, impacting the company's profitability. Further analysis would be needed to determine the specific factors contributing to this decrease in gross profit margin and assess its implications for the company's overall financial performance.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

Sturm Ruger & Company Inc

RGR

24.57%

Axon Enterprise Inc.

AXON

60.85%

National Presto Industries Inc