Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 24.04%
March 31, 2024 22.59%
December 31, 2023 21.35%
September 30, 2023 24.96%
June 30, 2023 25.93%
March 31, 2023 22.62%
December 31, 2022 22.50%
September 30, 2022 26.07%
June 30, 2022 25.31%
March 31, 2022 22.07%
December 31, 2021 23.64%
September 30, 2021 26.73%
June 30, 2021 26.57%
March 31, 2021 24.25%
Date Value
December 31, 2020 24.10%
September 30, 2020 26.90%
June 30, 2020 25.72%
March 31, 2020 23.66%
December 31, 2019 25.06%
September 30, 2019 27.47%
June 30, 2019 28.70%
March 31, 2019 24.49%
December 31, 2018 25.08%
September 30, 2018 28.49%
June 30, 2018 27.85%
March 31, 2018 24.09%
December 31, 2017 25.87%
December 31, 2016 27.79%

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

21.35%
Minimum
Dec 2023
26.90%
Maximum
Sep 2020
24.42%
Average
24.25%
Median
Mar 2021