Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 53.73%
March 31, 2024 52.55%
December 31, 2023 51.28%
September 30, 2023 48.59%
June 30, 2023 49.64%
March 31, 2023 50.18%
December 31, 2022 47.82%
September 30, 2022 50.25%
June 30, 2022 49.47%
March 31, 2022 50.68%
December 31, 2021 52.81%
September 30, 2021 55.43%
June 30, 2021 55.40%
Date Value
March 31, 2021 57.02%
December 31, 2020 56.72%
September 30, 2020 55.35%
June 30, 2020 53.24%
March 31, 2020 51.64%
December 31, 2019 53.56%
September 30, 2019 47.27%
June 30, 2019 48.08%
March 31, 2019 45.82%
December 31, 2018 38.80%
September 30, 2018 49.62%
June 30, 2018 50.44%

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

47.82%
Minimum
Dec 2022
57.02%
Maximum
Mar 2021
52.39%
Average
52.55%
Median
Mar 2024

Gross Profit Margin (Quarterly) Benchmarks