SPX Corp (SPXC)
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 | 767,800 | 737,600 | 708,600 | 688,200 | 670,000 | 644,300 | 608,800 | 562,700 | 516,800 | 483,900 | 444,800 | 429,300 | 450,500 | 464,300 | 478,600 | 490,600 | 479,500 | 479,900 | 477,800 | 472,000 |
| Revenue (ttm) | US$ in thousands | 1,983,900 | 1,919,600 | 1,884,600 | 1,806,600 | 1,741,200 | 1,701,100 | 1,622,900 | 1,553,600 | 1,460,900 | 1,381,600 | 1,296,900 | 1,239,600 | 1,331,000 | 1,437,800 | 1,515,400 | 1,591,900 | 1,562,700 | 1,550,500 | 1,551,900 | 1,551,100 |
| Gross profit margin | 38.70% | 38.42% | 37.60% | 38.09% | 38.48% | 37.88% | 37.51% | 36.22% | 35.38% | 35.02% | 34.30% | 34.63% | 33.85% | 32.29% | 31.58% | 30.82% | 30.68% | 30.95% | 30.79% | 30.43% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $767,800K ÷ $1,983,900K
= 38.70%
SPX Corp's gross profit margin has shown a generally increasing trend over the past few years, starting at 30.43% as of March 31, 2020, and reaching 38.70% by December 31, 2024. The company has seen improvements in its gross profit margin in most quarters, with some fluctuations along the way.
The gross profit margin is an important indicator of a company's efficiency in managing its production costs. The consistent growth in SPX Corp's gross profit margin suggests that the company has been effectively controlling its production costs while maintaining or increasing its revenue. This could be a result of operational efficiency, pricing strategies, or cost-saving measures implemented by the company.
The increasing trend in the gross profit margin is a positive sign for SPX Corp, indicating improved profitability and potentially sustainable business operations. It shows that the company is generating more profit from its core business activities for each dollar of sales. Investors and stakeholders typically view a rising gross profit margin favorably as it reflects the company's ability to generate higher profits. However, it is important for the company to maintain or further improve its gross profit margin to ensure long-term financial health and sustainability.
Peer comparison
Dec 31, 2024