Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
September 30, 2024 51.11%
June 30, 2024 48.99%
March 31, 2024 48.38%
December 31, 2023 46.42%
Date Value
September 30, 2023 49.07%
June 30, 2023 50.65%
March 31, 2023 48.53%

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

46.42%
Minimum
Dec 2023
51.11%
Maximum
Sep 2024
49.02%
Average
48.99%
Median
Jun 2024

Gross Profit Margin (Quarterly) Benchmarks