Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 24.06%
March 31, 2024 32.10%
December 31, 2023 31.99%
September 30, 2023
Date Value
June 30, 2023 27.23%
March 31, 2023 28.63%
December 31, 2022 18.26%
June 30, 2022 29.35%

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

18.26%
Minimum
Dec 2022
32.10%
Maximum
Mar 2024
27.38%
Average
28.63%
Median
Mar 2023

Gross Profit Margin (Quarterly) Benchmarks

Gross Profit Margin (Quarterly) Related Metrics