Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 23.08%
December 31, 2023 22.91%
September 30, 2023 23.17%
June 30, 2023 22.33%
March 31, 2023 24.08%
December 31, 2022 23.09%
September 30, 2022 23.98%
June 30, 2022 24.22%
March 31, 2022 25.36%
December 31, 2021 24.32%
September 30, 2021 24.97%
June 30, 2021 24.88%
March 31, 2021 25.52%
December 31, 2020 26.86%
September 30, 2020 26.13%
June 30, 2020 25.04%
Date Value
March 31, 2020 24.54%
December 31, 2019 24.48%
September 30, 2019 24.26%
June 30, 2019 24.10%
March 31, 2019 24.57%
December 31, 2018 25.10%
September 30, 2018 24.40%
June 30, 2018 23.64%
March 31, 2018 23.40%
December 31, 2017 24.48%
September 30, 2017 23.16%
June 30, 2017 22.54%
March 31, 2017 22.91%
December 31, 2016 23.23%
September 30, 2016 23.05%
June 30, 2016 22.52%

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

22.33%
Minimum
Jun 2023
26.86%
Maximum
Dec 2020
24.38%
Average
24.32%
Median
Dec 2021

Gross Profit Margin (Quarterly) Benchmarks

Gross Profit Margin (Quarterly) Related Metrics