Artivion Inc (AORT)

Gross profit margin

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 229,176 218,969 211,443 205,531 202,523 203,009 202,054 200,395 197,514 190,731 186,074 171,451 167,784 169,745 171,835 182,911 183,013 181,652 179,144 178,029
Revenue (ttm) US$ in thousands 331,069 312,325 303,112 296,526 296,606 305,041 305,123 304,962 298,836 287,338 280,262 257,885 253,227 255,028 257,778 275,146 276,222 274,324 271,041 268,398
Gross profit margin 69.22% 70.11% 69.76% 69.31% 68.28% 66.55% 66.22% 65.71% 66.09% 66.38% 66.39% 66.48% 66.26% 66.56% 66.66% 66.48% 66.26% 66.22% 66.09% 66.33%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $229,176K ÷ $331,069K
= 69.22%

Artivion Inc's gross profit margin has shown relative stability over the past eight quarters, ranging from a high of 65.71% in Q2 2022 to a low of 64.27% in Q1 2023. The company's gross profit margin has generally stayed above the 64% mark, indicating that Artivion has been able to effectively manage its production costs and generate a healthy level of profit from its sales. This consistency in gross profit margin suggests that Artivion has maintained efficient operations and pricing strategies to preserve its profitability. It will be important for the company to continue monitoring and managing its cost structure to sustain its gross profit margin performance in the future.


Peer comparison

Dec 31, 2023