Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 95.63%
September 30, 2023 94.29%
June 30, 2023 95.41%
March 31, 2023 95.73%
Date Value
December 31, 2022 95.99%
September 30, 2022 96.03%
June 30, 2022 96.39%

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

94.29%
Minimum
Sep 2023
96.39%
Maximum
Jun 2022
95.64%
Average
95.73%
Median
Mar 2023

Gross Profit Margin (Quarterly) Benchmarks