Terex Corporation (TEX)
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 | 1,067,700 | 1,133,200 | 1,180,200 | 1,194,700 | 1,176,100 | 1,149,000 | 1,094,100 | 964,100 | 871,200 | 807,700 | 749,100 | 767,800 | 757,400 | 734,700 | 702,500 | 578,000 | 539,300 | 558,700 | 622,000 | 786,700 |
| Revenue (ttm) | US$ in thousands | 5,127,200 | 5,108,800 | 5,186,900 | 5,208,300 | 5,151,500 | 5,146,500 | 4,976,900 | 4,650,900 | 4,417,700 | 4,190,200 | 4,063,500 | 4,025,100 | 3,886,800 | 3,683,400 | 3,455,200 | 3,107,000 | 3,076,400 | 3,174,700 | 3,433,700 | 4,050,100 |
| Gross profit margin | 20.82% | 22.18% | 22.75% | 22.94% | 22.83% | 22.33% | 21.98% | 20.73% | 19.72% | 19.28% | 18.43% | 19.08% | 19.49% | 19.95% | 20.33% | 18.60% | 17.53% | 17.60% | 18.11% | 19.42% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,067,700K ÷ $5,127,200K
= 20.82%
Terex Corporation's gross profit margin has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at 19.42% in March 2020, experienced a decline to 17.53% by December 2020, and then began to recover gradually. The margin reached its lowest point at 17.60% by September 2020 before showing signs of improvement.
Throughout 2021 and the first half of 2022, the gross profit margin demonstrated an upward trend, reaching a peak of 22.94% by March 2024. This increase indicates that Terex Corporation was able to effectively manage its production costs and generate higher revenues relative to the cost of goods sold during this period.
However, in the latter half of 2024, the gross profit margin decreased to 20.82% by December 31, 2024. This decline may suggest potential challenges in maintaining profitability amidst changing market conditions or cost pressures. Overall, the data underscores the importance of monitoring and managing gross profit margins to assess operational efficiency and profitability in the long term.