Trinity Industries Inc (TRN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 314,400 | 181,300 | 179,200 | -296,300 | 351,000 |
| Revenue | US$ in thousands | 2,983,300 | 1,977,300 | 1,516,000 | 1,749,700 | 2,752,400 |
| Gross profit margin | 10.54% | 9.17% | 11.82% | -16.93% | 12.75% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $314,400K ÷ $2,983,300K
= 10.54%
The gross profit margin of Trinity Industries, Inc. has shown a decreasing trend over the past five years. The company's gross profit margin was 17.67% at the end of 2023, down from 18.60% in 2022, 23.38% in 2021, 24.56% in 2020, and 21.28% in 2019. This indicates that the company's ability to generate profits from its core business activities has been declining. A decreasing gross profit margin could suggest challenges such as pricing pressure, increased competition, or rising costs of goods sold. Investors and stakeholders may need to further analyze the company's operational efficiency and pricing strategy to understand the factors contributing to this trend in the gross profit margin.
Peer comparison
Dec 31, 2023