Ufp Industries Inc (UFPI)
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 | 1,226,742 | 1,283,375 | 1,349,363 | 1,386,687 | 1,418,938 | 1,480,266 | 1,566,042 | 1,669,427 | 1,789,461 | 1,803,555 | 1,680,934 | 1,598,776 | 1,406,967 | 1,222,458 | 1,135,977 | 919,614 | 803,188 | 773,388 | 719,584 | 701,379 |
| Revenue (ttm) | US$ in thousands | 6,652,310 | 6,714,660 | 6,892,920 | 7,034,880 | 7,218,390 | 7,607,740 | 8,102,960 | 8,959,910 | 9,626,740 | 9,729,840 | 9,500,760 | 9,300,430 | 8,636,120 | 8,013,030 | 7,405,480 | 5,946,940 | 5,154,000 | 4,758,331 | 4,435,131 | 4,432,951 |
| Gross profit margin | 18.44% | 19.11% | 19.58% | 19.71% | 19.66% | 19.46% | 19.33% | 18.63% | 18.59% | 18.54% | 17.69% | 17.19% | 16.29% | 15.26% | 15.34% | 15.46% | 15.58% | 16.25% | 16.22% | 15.82% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,226,742K ÷ $6,652,310K
= 18.44%
Ufp Industries Inc's gross profit margin has shown a fluctuating trend over the analyzed period, ranging from a low of 15.26% in September 2021 to a peak of 19.71% in March 2024. The company experienced a general upward trajectory in its gross profit margin from September 2021 to March 2024, indicating an improvement in the company's ability to generate profit from its core operations.
During the period, the gross profit margin fluctuated due to various factors such as changes in sales prices, production costs, and efficiency in managing operating expenses. The gradual increase in the gross profit margin from 15.26% in September 2021 to 19.71% in March 2024 suggests that the company may have implemented cost-saving measures, improved pricing strategies, or enhanced operational efficiencies.
However, it is worth noting that there was a slight decline in the gross profit margin from June 2024 to December 2024, dropping from 19.58% to 18.44%. This could indicate potential challenges faced by the company, such as rising input costs, competitive pressures, or inefficiencies in production processes.
Overall, the increasing trend in Ufp Industries Inc's gross profit margin from September 2021 to March 2024 reflects positively on the company's profitability and operational performance during this period. Investors and stakeholders may monitor future financial reports to assess whether the company can sustain or improve its gross profit margin in the long term.