Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 16.25%
March 31, 2024 19.05%
December 31, 2023 19.81%
September 30, 2023 20.51%
Date Value
June 30, 2023 18.00%
March 31, 2023 18.64%
December 31, 2022 19.73%
September 30, 2022 22.08%

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

16.25%
Minimum
Jun 2024
22.08%
Maximum
Sep 2022
19.26%
Average
19.39%
Median

Gross Profit Margin (Quarterly) Benchmarks