Amgen Inc (AMGN)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 20,566,000 | 19,676,000 | 19,580,000 | 19,601,000 | 19,739,000 | 19,747,000 | 19,714,000 | 19,625,000 | 19,917,000 | 19,953,000 | 19,986,000 | 19,791,000 | 19,525,000 | 19,434,000 | 19,199,000 | 19,028,000 | 19,265,000 | 19,172,000 | 19,011,000 | 19,152,000 |
| Revenue (ttm) | US$ in thousands | 33,424,000 | 32,534,000 | 30,934,000 | 29,532,000 | 28,190,000 | 26,833,000 | 26,582,000 | 26,190,000 | 26,323,000 | 26,330,000 | 26,384,000 | 26,316,000 | 25,979,000 | 25,767,000 | 25,484,000 | 25,164,000 | 25,424,000 | 24,987,000 | 24,301,000 | 23,966,000 |
| Gross profit margin | 61.53% | 60.48% | 63.30% | 66.37% | 70.02% | 73.59% | 74.16% | 74.93% | 75.66% | 75.78% | 75.75% | 75.21% | 75.16% | 75.42% | 75.34% | 75.62% | 75.77% | 76.73% | 78.23% | 79.91% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $20,566,000K ÷ $33,424,000K
= 61.53%
Amgen Inc's gross profit margin has shown a gradual decline over the period from March 31, 2020, to December 31, 2024. The company's gross profit margin started at a high level of 79.91% in March 2020, indicating strong profitability on its sales. However, there has been a consistent decrease in the gross profit margin over time, reaching 61.53% by the end of December 2024.
This decline in the gross profit margin suggests that the company may be facing challenges in controlling its production or operating costs in relation to its revenue. It could indicate increased competition, pricing pressure, rising input costs, or inefficiencies in the production process.
Analyzing the trend of the gross profit margin can provide insights into the company's ability to generate profit from its core business operations. A decreasing gross profit margin may require further investigation into the company's cost structure and pricing strategy to maintain or improve profitability in the future.
Peer comparison
Dec 31, 2024