Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 19.07%
September 30, 2023 26.69%
June 30, 2023 27.00%
March 31, 2023 25.28%
Date Value
December 31, 2022 30.57%
September 30, 2022 24.47%
June 30, 2022 16.13%
March 31, 2022 23.50%

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

16.13%
Minimum
Jun 2022
30.57%
Maximum
Dec 2022
24.09%
Average
24.88%
Median