Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
December 31, 2023 36.64%
September 30, 2023 36.02%
June 30, 2023 34.25%
March 31, 2023 32.58%
December 31, 2022 30.93%
September 30, 2022 28.99%
June 30, 2022 26.55%
March 31, 2022 26.25%
Date Value
December 31, 2021 26.49%
September 30, 2021 31.06%
June 30, 2021 32.48%
March 31, 2021 32.59%
December 31, 2020 32.73%
September 30, 2020 35.54%
June 30, 2020 34.44%
March 31, 2020 31.98%

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

26.25%
Minimum
Mar 2022
36.64%
Maximum
Dec 2023
31.84%
Average
32.53%
Median

Gross Profit Margin (Quarterly) Benchmarks

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