Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 49.20%
December 31, 2023 49.25%
September 30, 2023 47.85%
June 30, 2023 48.14%
March 31, 2023 46.58%
December 31, 2022 42.28%
September 30, 2022 43.95%
June 30, 2022 47.41%
March 31, 2022 46.39%
Date Value
December 31, 2021 46.94%
September 30, 2021 46.33%
June 30, 2021 46.11%
March 31, 2021 47.82%
December 31, 2020 45.05%
September 30, 2020 47.29%
June 30, 2020 44.50%
March 31, 2020 44.42%

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

42.28%
Minimum
Dec 2022
49.25%
Maximum
Dec 2023
46.44%
Average
46.58%
Median
Mar 2023

Gross Profit Margin (Quarterly) Benchmarks