Westinghouse Air Brake Technologies Corp (WAB)
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 | 3,366,000 | 3,333,000 | 3,245,000 | 3,094,000 | 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 |
| Revenue (ttm) | US$ in thousands | 10,317,000 | 10,201,000 | 10,031,000 | 9,732,000 | 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 |
| Gross profit margin | 32.63% | 32.67% | 32.35% | 31.79% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,366,000K ÷ $10,317,000K
= 32.63%
Westinghouse Air Brake Technologies Corp has shown a consistent trend of improvement in its gross profit margin over the past few years. The gross profit margin increased from 29.55% in March 2020 to 32.63% in December 2024. This 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 revenue retained as gross profit.
Although there were fluctuations in the gross profit margin over the periods analyzed, overall, the trend has been upward, with some minor fluctuations seen in between. This indicates that Westinghouse Air Brake Technologies Corp has been successful in maintaining control over its production costs and pricing strategies.
The highest gross profit margin of 32.67% was recorded in September 30, 2024, suggesting that the company was able to generate higher profits from its operations during that period. On the other hand, the lowest gross profit margin of 28.79% was observed in March 31, 2021, which may indicate temporary challenges in managing production costs or changes in pricing strategies during that quarter.
Overall, the improving trend in the gross profit margin of Westinghouse Air Brake Technologies Corp reflects positively on the company's operational efficiency and ability to generate profits from its core business activities. This indicator is crucial for investors and analysts in evaluating the company's competitiveness and profitability in the industry.
Peer comparison
Dec 31, 2024