Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 23.32%
December 31, 2023 22.61%
September 30, 2023 19.93%
June 30, 2023 21.06%
March 31, 2023 18.68%
Date Value
December 31, 2022 16.15%
September 30, 2022 11.62%
June 30, 2022 7.51%
March 31, 2022 6.08%

Gross Profit Margin Definition

Gross Profit Margin is calculated using Gross Profit/Revenue. This metric measures the overall efficiency of a company in being able to turn revenue into gross profit and doing this by keeping cost of goods sold low. An analyst looking at gross profit margin might look for a higher gross profit margin relative to other comparable companies as well as a gross profit margin that is growing.

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Gross Profit Margin (Quarterly) Range, Past 5 Years

6.08%
Minimum
Mar 2022
23.32%
Maximum
Mar 2024
16.33%
Average
18.68%
Median
Mar 2023

Gross Profit Margin (Quarterly) Benchmarks

Gross Profit Margin (Quarterly) Related Metrics