Trimble Inc (TRMB)
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 | 2,391,000 | 2,239,000 | 2,280,100 | 2,310,100 | 2,304,000 | 2,258,600 | 2,183,800 | 2,105,500 | 2,094,300 | 2,102,700 | 2,091,800 | 2,091,000 | 2,034,700 | 1,991,700 | 1,926,900 | 1,807,200 | 1,754,900 | 1,746,400 | 1,728,700 | 1,783,600 |
| Revenue (ttm) | US$ in thousands | 3,683,300 | 3,632,300 | 3,713,800 | 3,836,600 | 3,798,700 | 3,722,800 | 3,650,400 | 3,598,000 | 3,676,300 | 3,745,800 | 3,762,300 | 3,766,300 | 3,659,100 | 3,562,800 | 3,453,500 | 3,241,900 | 3,147,700 | 3,142,000 | 3,133,800 | 3,255,000 |
| Gross profit margin | 64.91% | 61.64% | 61.40% | 60.21% | 60.65% | 60.67% | 59.82% | 58.52% | 56.97% | 56.13% | 55.60% | 55.52% | 55.61% | 55.90% | 55.80% | 55.75% | 55.75% | 55.58% | 55.16% | 54.80% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,391,000K ÷ $3,683,300K
= 64.91%
The gross profit margin of Trimble Inc has been displaying a positive trend over the analyzed period, showing consistent improvement from 54.80% in March 2020 to 64.91% in December 2024. The company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in an increasing percentage of revenue retained after accounting for direct production costs. This trend indicates the company's ability to generate more profit from its core business operations over time. The significant increase in gross profit margin from December 2023 to December 2024 suggests that Trimble Inc has potentially implemented successful cost-saving measures, increased pricing power, or improved operational efficiency. Overall, the rising trend in gross profit margin reflects positively on Trimble Inc's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024