Gross Profit Margin (Quarterly) Chart

Historical Gross Profit Margin (Quarterly) Data

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Date Value
March 31, 2024 27.36%
December 31, 2023 29.19%
September 30, 2023 26.16%
June 30, 2023 27.44%
March 31, 2023 26.52%
December 31, 2022 23.66%
September 30, 2022 20.86%
Date Value
June 30, 2022 17.61%
March 31, 2022 17.27%
December 31, 2021 14.50%
September 30, 2021 15.97%
June 30, 2021 21.63%
March 31, 2021 20.12%
December 31, 2020 20.01%

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

14.50%
Minimum
Dec 2021
29.19%
Maximum
Dec 2023
22.02%
Average
21.24%
Median

Gross Profit Margin (Quarterly) Benchmarks