Trinity Industries Inc (TRN)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 314,400 | 268,400 | 229,000 | 205,500 | 181,300 | 184,200 | 181,500 | 191,600 | 210,800 | 184,900 | 203,300 | -165,900 | -152,600 | -92,900 | -59,500 | 342,100 | 361,900 | 344,400 | 309,800 | 302,300 |
| Revenue (ttm) | US$ in thousands | 2,983,300 | 2,776,600 | 2,451,900 | 2,146,300 | 1,977,300 | 1,858,300 | 1,781,500 | 1,658,000 | 1,516,000 | 1,403,500 | 1,380,500 | 1,527,100 | 1,749,700 | 2,240,700 | 2,657,500 | 2,953,600 | 3,005,100 | 2,889,400 | 2,682,700 | 2,580,700 |
| Gross profit margin | 10.54% | 9.67% | 9.34% | 9.57% | 9.17% | 9.91% | 10.19% | 11.56% | 13.91% | 13.17% | 14.73% | -10.86% | -8.72% | -4.15% | -2.24% | 11.58% | 12.04% | 11.92% | 11.55% | 11.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $314,400K ÷ $2,983,300K
= 10.54%
The gross profit margin of Trinity Industries, Inc. has shown some fluctuations over the past eight quarters. In Q1 2022, the gross profit margin was at its highest at 20.50%. However, since then, the margin has been gradually decreasing, reaching its lowest point in Q4 2023 at 17.67%.
Overall, the company's gross profit margin has ranged between 16.83% and 20.50% over the period analyzed. This indicates that Trinity Industries, Inc. has been able to maintain a reasonable level of profitability from its core business operations, despite some variability in performance quarter to quarter. It is essential for the company to closely monitor and manage its cost of goods sold and gross profit margins to sustain and improve its financial performance over time.
Peer comparison
Dec 31, 2023