Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
September 30, 2024 72.93%
June 30, 2024 73.24%
March 31, 2024 73.93%
December 31, 2023 72.38%
September 30, 2023 71.78%
June 30, 2023 71.40%
March 31, 2023 71.02%
December 31, 2022 70.00%
September 30, 2022 70.36%
June 30, 2022 72.14%
Date Value
March 31, 2022 73.60%
December 31, 2021 72.19%
September 30, 2021 73.83%
June 30, 2021 75.91%
March 31, 2021 72.91%
December 31, 2020 73.77%
September 30, 2020 49.35%
June 30, 2020 65.62%
March 31, 2020 73.56%

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

49.35%
Minimum
Sep 2020
75.91%
Maximum
Jun 2021
71.05%
Average
72.38%
Median
Dec 2023

Gross Profit Margin (Quarterly) Benchmarks