Westinghouse Air Brake Technologies Corp (WAB)
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 | 2,944,000 | 2,832,000 | 2,688,000 | 2,610,000 | 2,540,000 | 2,540,000 | 2,495,000 | 2,430,000 | 2,369,000 | 2,222,400 | 2,185,600 | 2,092,300 | 2,137,000 | 2,306,500 | 2,339,700 | 2,467,700 | 2,278,000 | 1,900,100 | 1,602,700 | 1,312,000 |
| Revenue (ttm) | US$ in thousands | 9,433,000 | 9,244,000 | 8,784,000 | 8,442,000 | 8,182,000 | 7,955,700 | 7,790,000 | 7,757,800 | 7,664,100 | 7,587,500 | 7,552,200 | 7,268,200 | 7,339,800 | 7,743,100 | 7,858,800 | 8,349,740 | 8,022,180 | 6,771,660 | 5,880,540 | 4,781,280 |
| Gross profit margin | 31.21% | 30.64% | 30.60% | 30.92% | 31.04% | 31.93% | 32.03% | 31.32% | 30.91% | 29.29% | 28.94% | 28.79% | 29.12% | 29.79% | 29.77% | 29.55% | 28.40% | 28.06% | 27.25% | 27.44% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,944,000K ÷ $9,433,000K
= 31.21%
Westinghouse Air Brake Technologies Corp has maintained relatively stable gross profit margins over the past eight quarters. The gross profit margin has ranged from 29.91% to 31.36%, with a slight downward trend in recent quarters. The most recent quarter, Q4 2023, recorded a gross profit margin of 30.42%, indicating that the company was able to retain approximately 30.42% of its revenue as gross profit after accounting for the cost of goods sold. While the margins have fluctuated slightly, the company has generally managed to maintain a gross profit margin above 29%, reflecting efficient cost management in the production process. It is essential for the company to continue monitoring and potentially optimizing its cost structure to sustain healthy profitability levels.
Peer comparison
Dec 31, 2023