Xpel Inc (XPEL)
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 | 177,360 | 174,589 | 168,202 | 164,331 | 162,415 | 152,529 | 146,766 | 135,755 | 127,511 | 121,154 | 109,843 | 102,107 | 92,677 | 83,947 | 75,522 | 62,014 | 54,025 | 50,523 | 46,766 | 45,653 |
| Revenue (ttm) | US$ in thousands | 420,400 | 418,411 | 408,236 | 400,556 | 396,294 | 369,237 | 356,318 | 337,971 | 323,993 | 315,644 | 294,415 | 279,261 | 259,263 | 237,738 | 215,332 | 182,402 | 158,924 | 149,812 | 139,307 | 133,595 |
| Gross profit margin | 42.19% | 41.73% | 41.20% | 41.03% | 40.98% | 41.31% | 41.19% | 40.17% | 39.36% | 38.38% | 37.31% | 36.56% | 35.75% | 35.31% | 35.07% | 34.00% | 33.99% | 33.72% | 33.57% | 34.17% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $177,360K ÷ $420,400K
= 42.19%
The gross profit margin of Xpel Inc has shown a generally increasing trend over the years, indicating improved efficiency in generating profits from sales. It increased from 34.17% in March 2020 to 42.19% in December 2024. This steady improvement suggests the company has been effectively managing its production costs and pricing strategies to enhance profitability. The increasing gross profit margin is a positive signal for investors, as it demonstrates the company's ability to control costs and maintain competitive pricing, ultimately leading to stronger financial performance. Overall, the upward trajectory of Xpel Inc's gross profit margin reflects a positive trend in the company's financial health.