Valmont Industries Inc (VMI)
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 | 1,236,034 | 1,252,052 | 1,222,419 | 1,185,623 | 1,126,224 | 1,049,549 | 991,475 | 928,521 | 883,889 | 866,186 | 829,529 | 783,819 | 765,514 | 727,524 | 710,064 | 704,303 | 682,681 | 665,791 | 656,844 | 653,667 |
| Revenue (ttm) | US$ in thousands | 4,130,740 | 4,249,490 | 4,298,420 | 4,391,190 | 4,298,263 | 4,131,296 | 3,903,297 | 3,663,340 | 3,458,614 | 3,305,148 | 3,170,913 | 2,965,430 | 2,864,736 | 2,749,985 | 2,706,833 | 2,718,877 | 2,737,232 | 2,750,969 | 2,738,343 | 2,712,119 |
| Gross profit margin | 29.92% | 29.46% | 28.44% | 27.00% | 26.20% | 25.40% | 25.40% | 25.35% | 25.56% | 26.21% | 26.16% | 26.43% | 26.72% | 26.46% | 26.23% | 25.90% | 24.94% | 24.20% | 23.99% | 24.10% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,236,034K ÷ $4,130,740K
= 29.92%
The gross profit margin of Valmont Industries Inc has shown a consistent improvement over the past several quarters. It increased from 24.10% in March 2019 to 29.92% in December 2023. This trend indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher percentage of each revenue dollar being retained as gross profit.
The steady growth in gross profit margin reflects positively on the company's efficiency in producing goods and managing production costs. It suggests that Valmont Industries Inc has been successful in enhancing its pricing strategies, controlling direct costs, or a combination of both.
Overall, the upward trajectory of the gross profit margin signifies an improved profitability for Valmont Industries Inc and is a favorable indicator for investors and stakeholders assessing the company's financial performance.
Peer comparison
Dec 31, 2023