Cactus Inc (WHD)

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	428,393	430,401	480,691	527,371	505,684	471,900	374,574	276,953	242,448	209,904	175,553	145,270	121,448	100,274	88,299	78,026	111,618	142,693	182,224	228,501
Revenue (ttm)	US$ in thousands	1,129,814	1,132,559	1,127,248	1,142,678	1,096,960	1,009,868	906,479	770,875	688,369	630,511	561,393	500,071	438,589	376,763	321,189	278,844	348,566	420,714	521,733	623,678
Gross profit margin		37.92%	38.00%	42.64%	46.15%	46.10%	46.73%	41.32%	35.93%	35.22%	33.29%	31.27%	29.05%	27.69%	26.61%	27.49%	27.98%	32.02%	33.92%	34.93%	36.64%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $428,393K ÷ $1,129,814K
= 37.92%

Sure, based on the provided data, Cactus Inc's gross profit margin has shown fluctuations over the reporting period.

The gross profit margin started at 36.64% on March 31, 2020 and generally decreased until reaching a low of 26.61% on September 30, 2021. From there, the gross profit margin began to recover and showed an upward trend, reaching a peak of 46.73% on September 30, 2023.

However, after that point, the gross profit margin decreased slightly but remained relatively stable through December 31, 2024, where it stood at 37.92%.

Overall, the trend in the gross profit margin indicates variability in the company's ability to generate profit from its core operations. Further analysis would be needed to understand the factors driving these fluctuations and their implications for the company's financial performance and profitability.