Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 34.75%
December 31, 2023 35.32%
September 30, 2023 36.43%
June 30, 2023 37.36%
March 31, 2023 36.26%
December 31, 2022 36.04%
Date Value
September 30, 2022 37.29%
June 30, 2022 37.70%
March 31, 2022 36.74%
December 31, 2021 37.46%
December 31, 2020 38.39%

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

34.75%
Minimum
Mar 2024
38.39%
Maximum
Dec 2020
36.70%
Average
36.74%
Median
Mar 2022

Gross Profit Margin (Quarterly) Benchmarks