Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 28.88%
September 30, 2023 28.64%
June 30, 2023 28.01%
March 31, 2023 26.33%
December 31, 2022 27.19%
September 30, 2022 25.36%
June 30, 2022 26.38%
March 31, 2022 25.56%
December 31, 2021 24.64%
Date Value
September 30, 2021 24.07%
June 30, 2021 23.72%
March 31, 2021 22.54%
December 31, 2020 22.45%
September 30, 2020 23.17%
June 30, 2020 19.57%
March 31, 2020 18.88%
September 30, 2019 20.84%
June 30, 2019 19.49%

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

18.88%
Minimum
Mar 2020
28.88%
Maximum
Dec 2023
24.21%
Average
24.35%
Median

Gross Profit Margin (Quarterly) Benchmarks