Gentherm Inc (THRM)

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	366,431	376,623	367,960	359,247	351,624	325,136	319,278	290,667	273,650	271,204	260,239	280,075	303,631	328,966	342,184	289,706	268,104	241,029	233,116	279,095
Revenue (ttm)	US$ in thousands	1,450,255	1,440,414	1,447,026	1,446,364	1,448,509	1,428,068	1,388,525	1,281,481	1,193,283	1,106,858	1,024,469	1,025,636	1,044,506	1,083,664	1,096,100	964,238	903,018	845,665	833,218	941,502
Gross profit margin		25.27%	26.15%	25.43%	24.84%	24.27%	22.77%	22.99%	22.68%	22.93%	24.50%	25.40%	27.31%	29.07%	30.36%	31.22%	30.05%	29.69%	28.50%	27.98%	29.64%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $366,431K ÷ $1,450,255K
= 25.27%

The gross profit margin of Gentherm Inc has shown fluctuations over the years. It ranged between 22.68% to 31.22% from March 2020 to December 2024. The highest gross profit margin was achieved in June 2021 at 31.22%, indicating the company's ability to generate profit after accounting for the cost of goods sold. However, the margin saw a decline in the subsequent quarters, reaching a low of 22.68% in March 2023, before gradually increasing again.

Overall, the trend in the gross profit margin of Gentherm Inc reflects some volatility, with fluctuations possibly influenced by factors such as changes in production costs, pricing strategies, or sales volumes. It is important for the company to closely monitor and manage its cost structure and pricing to maintain a healthy level of profitability.