Vulcan Materials Company (VMC)

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	1,948,500	1,826,200	1,728,100	1,591,000	1,557,800	1,559,600	1,460,800	1,413,000	1,373,500	1,324,541	1,310,939	1,309,058	1,281,481	1,271,821	1,291,966	1,265,949	1,255,901	1,238,105	1,180,604	1,133,286
Revenue (ttm)	US$ in thousands	7,782,000	7,679,600	7,582,100	7,423,500	7,315,200	7,189,600	6,617,800	6,024,500	5,552,100	5,120,920	4,914,310	4,875,890	4,856,830	4,867,860	4,976,730	4,981,830	4,929,101	4,831,001	4,652,441	4,524,911
Gross profit margin		25.04%	23.78%	22.79%	21.43%	21.30%	21.69%	22.07%	23.45%	24.74%	25.87%	26.68%	26.85%	26.39%	26.13%	25.96%	25.41%	25.48%	25.63%	25.38%	25.05%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,948,500K ÷ $7,782,000K
= 25.04%

Vulcan Materials Co's gross profit margin has shown a fluctuating trend over the past eight quarters. In Q4 2023, the gross profit margin reached 25.04%, marking a significant increase compared to the previous quarter at 23.78%. This improvement may indicate better cost management or potential pricing strategies. However, it is essential to note that the gross profit margin has been gradually increasing since Q1 2023, showing a positive trend overall. This suggests that the company may be effectively controlling its production costs and generating more revenue from its core operations. Overall, Vulcan Materials Co's gross profit margin performance indicates a potentially strengthening financial position and operational efficiency.