Gibraltar Industries Inc (ROCK)
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 | 361,966 | 348,075 | 337,247 | 330,779 | 318,694 | 315,481 | 304,177 | 294,837 | 290,011 | 286,627 | 281,870 | 266,500 | 256,343 | 251,343 | 241,592 | 232,499 | 219,897 | 215,731 | 217,266 | 231,301 |
| Revenue (ttm) | US$ in thousands | 1,377,736 | 1,362,786 | 1,363,333 | 1,365,368 | 1,389,966 | 1,410,554 | 1,388,616 | 1,370,056 | 1,339,783 | 1,270,535 | 1,197,974 | 1,104,769 | 1,032,578 | 993,411 | 957,403 | 926,474 | 898,233 | 913,112 | 932,414 | 974,195 |
| Gross profit margin | 26.27% | 25.54% | 24.74% | 24.23% | 22.93% | 22.37% | 21.91% | 21.52% | 21.65% | 22.56% | 23.53% | 24.12% | 24.83% | 25.30% | 25.23% | 25.10% | 24.48% | 23.63% | 23.30% | 23.74% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $361,966K ÷ $1,377,736K
= 26.27%
The gross profit margin of Gibraltar Industries Inc. has shown a consistent improvement over the past eight quarters, indicating a positive trend in the company's ability to generate profits from its core business activities. The margins have progressively increased from 21.52% in Q1 2022 to 26.27% in Q4 2023. This upward trajectory suggests that the company has been effectively managing its production costs and pricing strategies to enhance profitability. The steady growth in gross profit margin reflects Gibraltar Industries' operational efficiency and competitive positioning within the industry. Overall, this trend signals a healthy financial performance and sustainable profitability for the company.
Peer comparison
Dec 31, 2023