Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 48.60%
December 31, 2023 46.37%
September 30, 2023 46.90%
June 30, 2023 47.79%
March 31, 2023 47.01%
December 31, 2022 47.69%
Date Value
September 30, 2022 47.81%
June 30, 2022 45.27%
March 31, 2022 39.62%
December 31, 2021 31.54%
September 30, 2021 37.76%

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

31.54%
Minimum
Dec 2021
48.60%
Maximum
Mar 2024
44.21%
Average
46.90%
Median
Sep 2023

Gross Profit Margin (Quarterly) Benchmarks

Gross Profit Margin (Quarterly) Related Metrics