Simpson Manufacturing Company Inc (SSD)
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 | 1,025,852 | 1,018,657 | 1,026,517 | 1,035,436 | 1,043,756 | 1,023,916 | 985,522 | 957,389 | 941,294 | 938,907 | 892,416 | 829,529 | 755,030 | 680,435 | 655,646 | 609,000 | 576,384 | 562,762 | 527,163 | 511,542 |
| Revenue (ttm) | US$ in thousands | 2,231,253 | 2,210,675 | 2,203,597 | 2,204,118 | 2,207,715 | 2,177,144 | 2,150,806 | 2,146,344 | 2,106,837 | 2,054,135 | 1,897,115 | 1,714,148 | 1,566,618 | 1,445,325 | 1,412,952 | 1,328,784 | 1,265,192 | 1,242,584 | 1,188,145 | 1,167,566 |
| Gross profit margin | 45.98% | 46.08% | 46.58% | 46.98% | 47.28% | 47.03% | 45.82% | 44.61% | 44.68% | 45.71% | 47.04% | 48.39% | 48.19% | 47.08% | 46.40% | 45.83% | 45.56% | 45.29% | 44.37% | 43.81% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,025,852K ÷ $2,231,253K
= 45.98%
Simpson Manufacturing Company Inc's gross profit margin has shown a fluctuating trend over the past few years based on the provided data. The gross profit margin indicates the proportion of revenue retained after accounting for the cost of goods sold, serving as a key indicator of a company's efficiency in producing goods.
From March 31, 2020, where the gross profit margin stood at 43.81%, there was a gradual improvement in the margin reaching a peak of 48.39% by March 31, 2022. This upward trend indicated that Simpson Manufacturing was effectively managing its production costs relative to its revenue during this period.
However, starting from June 30, 2022, there was a slight decline in the gross profit margin, dropping to 44.68% by December 31, 2022. Despite a subsequent recovery to 47.28% by December 31, 2023, the margin continued to fluctuate within the range of 45.98% to 46.98% until December 31, 2024.
Overall, the analysis suggests that while Simpson Manufacturing Company Inc experienced periods of improvement in its gross profit margin, there were also fluctuations indicating potential challenges in cost management or changes in pricing strategies during the period under review.
Peer comparison
Dec 31, 2024