Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 51.22%
December 31, 2023 58.05%
September 30, 2023 55.47%
June 30, 2023 54.68%
March 31, 2023 50.55%
December 31, 2022 56.33%
September 30, 2022 54.69%
June 30, 2022 56.40%
March 31, 2022 54.43%
December 31, 2021 55.52%
Date Value
September 30, 2021 55.53%
June 30, 2021 57.07%
March 31, 2021 54.38%
December 31, 2020 55.61%
September 30, 2020 53.75%
June 30, 2020 55.83%
March 31, 2020 51.28%
December 31, 2019 50.25%
September 30, 2019 51.32%

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

50.25%
Minimum
Dec 2019
58.05%
Maximum
Dec 2023
54.33%
Average
54.69%
Median
Sep 2022

Gross Profit Margin (Quarterly) Benchmarks