Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 22.68%
September 30, 2023 23.04%
June 30, 2023 23.09%
March 31, 2023 23.02%
December 31, 2022 22.44%
September 30, 2022 20.50%
June 30, 2022 20.26%
March 31, 2022 21.90%
Date Value
December 31, 2021 18.66%
September 30, 2021 18.19%
June 30, 2021 19.30%
March 31, 2021 19.97%
December 31, 2020 19.01%
September 30, 2020 16.97%
June 30, 2020 16.77%
March 31, 2020 18.18%

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

16.77%
Minimum
Jun 2020
23.09%
Maximum
Jun 2023
20.25%
Average
20.11%
Median

Gross Profit Margin (Quarterly) Benchmarks