Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 59.12%
March 31, 2024 57.58%
December 31, 2023 55.73%
September 30, 2023 57.47%
June 30, 2023 55.47%
March 31, 2023 55.17%
Date Value
December 31, 2022 54.31%
September 30, 2022 56.08%
June 30, 2022 56.73%
March 31, 2022 54.48%
December 31, 2021 53.12%

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

53.12%
Minimum
Dec 2021
59.12%
Maximum
Jun 2024
55.93%
Average
55.73%
Median
Dec 2023

Gross Profit Margin (Quarterly) Benchmarks