Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 27.67%
September 30, 2023 26.70%
June 30, 2023 26.20%
March 31, 2023 26.58%
December 31, 2022 26.80%
September 30, 2022 24.79%
June 30, 2022 20.88%
March 31, 2022 21.05%
December 31, 2021 21.06%
September 30, 2021 17.05%
Date Value
June 30, 2021 22.25%
March 31, 2021 21.65%
December 31, 2020 24.32%
September 30, 2020 23.98%
June 30, 2020 22.28%
March 31, 2020 21.77%
December 31, 2019 22.07%
September 30, 2019 24.05%
June 30, 2019 24.16%
March 31, 2019 24.90%

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

17.05%
Minimum
Sep 2021
27.67%
Maximum
Dec 2023
23.44%
Average
23.98%
Median
Sep 2020

Gross Profit Margin (Quarterly) Benchmarks