Cactus Inc (WHD)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019
Gross profit (ttm)	US$ in thousands	978,554	932,843	885,878	796,068	683,793	617,190	565,466	500,169	442,203	384,360	326,416	274,607	234,096	298,731	386,758	480,734	576,976	582,642	582,228	576,184
Revenue (ttm)	US$ in thousands	1,136,594	1,090,876	1,013,935	910,546	774,942	692,436	630,002	560,884	499,562	438,080	377,939	322,365	280,020	349,742	420,714	521,621	623,460	625,996	625,582	615,274
Gross profit margin		86.10%	85.51%	87.37%	87.43%	88.24%	89.13%	89.76%	89.18%	88.52%	87.74%	86.37%	85.19%	83.60%	85.41%	91.93%	92.16%	92.54%	93.07%	93.07%	93.65%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $978,554K ÷ $1,136,594K
= 86.10%

Based on the data provided, Cactus Inc's gross profit margin has shown some fluctuations over the past few quarters. The gross profit margin indicates the percentage of revenue that exceeds the cost of goods sold.

Looking at the trend, Cactus Inc's gross profit margin has generally remained high, ranging from a low of 83.60% in March 2021 to a high of 93.65% in September 2019. The company has managed to maintain strong profitability, with margins consistently above 85% throughout the periods mentioned.

The highest gross profit margin was recorded in the earlier periods, with a gradual decline seen in more recent quarters. However, even the lowest margin recorded in March 2021 is still relatively high compared to many industry benchmarks.

Overall, Cactus Inc's gross profit margin demonstrates a strong ability to effectively manage production costs and maintain profitability over the periods analyzed. It is crucial for the company to continue monitoring this ratio to ensure sustainable profitability in the future.