Timken Company (TKR)
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 | 1,423,100 | 1,411,900 | 1,423,100 | 1,472,500 | 1,491,700 | 1,473,900 | 1,451,800 | 1,388,200 | 1,298,800 | 1,235,800 | 1,170,200 | 1,130,700 | 1,102,500 | 1,106,400 | 1,102,200 | 1,030,200 | 1,009,900 | 1,028,900 | 1,042,700 | 1,118,100 |
| Revenue (ttm) | US$ in thousands | 4,573,000 | 4,590,600 | 4,606,500 | 4,696,500 | 4,769,000 | 4,759,800 | 4,753,500 | 4,634,900 | 4,496,700 | 4,422,000 | 4,322,900 | 4,232,100 | 4,132,900 | 4,017,300 | 3,874,600 | 3,615,200 | 3,513,200 | 3,517,700 | 3,537,100 | 3,733,600 |
| Gross profit margin | 31.12% | 30.76% | 30.89% | 31.35% | 31.28% | 30.97% | 30.54% | 29.95% | 28.88% | 27.95% | 27.07% | 26.72% | 26.68% | 27.54% | 28.45% | 28.50% | 28.75% | 29.25% | 29.48% | 29.95% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,423,100K ÷ $4,573,000K
= 31.12%
The gross profit margin of Timken Company has shown some fluctuations over the past few years. It started at 29.95% as of March 31, 2020, and gradually declined to 26.68% by December 31, 2021. The trend then reversed, showing an improvement to 31.28% by December 31, 2023, before slightly decreasing to 30.76% by September 30, 2024. The most recent data point, as of December 31, 2024, reveals a gross profit margin of 31.12%.
Overall, the company's gross profit margin has experienced some volatility but has generally shown an upward trend from 2021 to 2024. This indicates that the company may have implemented strategies to enhance its profitability or managed its cost of goods sold more efficiently during this period. Further analysis may be necessary to understand the underlying factors driving these changes and to assess the sustainability of this positive trend in the future.
Peer comparison
Dec 31, 2024