Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
September 30, 2024 16.02%
June 30, 2024 17.21%
March 31, 2024 11.80%
December 31, 2023 14.23%
September 30, 2023 16.30%
Date Value
June 30, 2023 12.26%
March 31, 2023 7.92%
December 31, 2022 6.83%
September 30, 2022 7.17%
December 31, 2021 8.84%

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.

Read full definition.

Gross Profit Margin (Quarterly) Range, Past 5 Years

6.83%
Minimum
Dec 2022
17.21%
Maximum
Jun 2024
11.86%
Average
12.03%
Median

Gross Profit Margin (Quarterly) Benchmarks

NIO Inc 10.75%
Li Auto Inc 21.52%
XPeng Inc 15.26%
Tesla Inc 19.84%
Rivian Automotive Inc -44.85%

Gross Profit Margin (Quarterly) Related Metrics