Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 46.63%
September 30, 2023 46.58%
June 30, 2023 46.79%
March 31, 2023 47.47%
December 31, 2022 44.22%
September 30, 2022 45.27%
June 30, 2022 45.27%
March 31, 2022 47.60%
December 31, 2021 51.15%
Date Value
September 30, 2021 54.12%
June 30, 2021 55.10%
March 31, 2021 47.73%
December 31, 2020 51.65%
September 30, 2020 56.54%
June 30, 2020 52.15%
March 31, 2020 46.41%
December 31, 2019 42.95%

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

42.95%
Minimum
Dec 2019
56.54%
Maximum
Sep 2020
48.68%
Average
47.47%
Median
Mar 2023

Gross Profit Margin (Quarterly) Benchmarks

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