Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
June 30, 2024 54.03%
March 31, 2024 52.30%
December 31, 2023 52.00%
September 30, 2023 51.72%
June 30, 2023 53.96%
March 31, 2023 49.79%
December 31, 2022 51.43%
September 30, 2022 52.99%
June 30, 2022 55.94%
March 31, 2022 54.47%
December 31, 2021 54.82%
September 30, 2021 55.10%
June 30, 2021 55.65%
Date Value
March 31, 2021 54.03%
December 31, 2020 55.98%
September 30, 2020 55.26%
June 30, 2020 50.48%
March 31, 2020 48.57%
December 31, 2019 52.93%
September 30, 2019 53.62%
June 30, 2019 55.85%
March 31, 2019 51.52%
December 31, 2018 54.15%
September 30, 2018 52.72%
June 30, 2018 55.64%
March 31, 2018 49.81%

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

48.57%
Minimum
Mar 2020
55.98%
Maximum
Dec 2020
53.23%
Average
53.96%
Median
Jun 2023

Gross Profit Margin (Quarterly) Benchmarks