Gross Profit
Barnes Group Gross Profit increased by 3.5% to $128.39M in Q3 2024 compared to the prior quarter. Year-over-year, this metric grew by 19.4%, from $107.50M to $128.39M. Over 2 years (FY 2021 to FY 2023), Gross Profit shows relatively stable performance with a -1.4% CAGR. This is a positive signal — higher values indicate stronger performance for this metric.
Analysis
How to read this metric
An increase suggests improved manufacturing efficiency, favorable product mix, or higher pricing power, while a decrease may indicate rising raw material costs, supply chain inefficiencies, or competitive pricing pressure.
Detailed definition
Gross profit represents the residual earnings a company retains after deducting the direct costs associated with produci...
Peer comparison
Peers in the medical device and diagnostics sector typically maintain high gross margins due to intellectual property and specialized manufacturing, though these vary based on the specific product mix of nutritionals versus high-tech devices.
gross_profitHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $117.99M | $119.98M | $110.09M | $105.19M | $108.51M | $106.10M | $102.07M | $109.12M | $114.36M | $107.50M | $111.11M | $130.54M | $124.04M | $128.39M |
| QoQ Change | — | +1.7% | -8.2% | -4.5% | +3.2% | -2.2% | -3.8% | +6.9% | +4.8% | -6.0% | +3.4% | +17.5% | -5.0% | +3.5% |
| YoY Change | — | — | — | — | -8.0% | -11.6% | -7.3% | +3.7% | +5.4% | +1.3% | +8.9% | +19.6% | +8.5% | +19.4% |
Gross Profit at Other Companies
Frequently Asked Questions
- What is Barnes Group's gross profit?
- Barnes Group (B) reported gross profit of $128.39M in Q3 2024.
- How has Barnes Group's gross profit changed year-over-year?
- Barnes Group's gross profit increased by 19.4% year-over-year, from $107.50M to $128.39M.
- What is the long-term trend for Barnes Group's gross profit?
- Over 2 years (2021 to 2023), Barnes Group's gross profit has grown at a -1.4% compound annual growth rate (CAGR), from $455.00M to $442.09M.
- What does gross profit mean?
- The total revenue earned from sales minus the direct costs required to manufacture and deliver those products.