Artivion Inc (AORT)

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	240,959	240,552	235,813	234,528	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
Revenue (ttm)	US$ in thousands	388,537	384,899	376,974	368,206	354,004	339,732	328,716	319,805	313,789	313,785	309,154	304,962	298,836	287,338	280,262	257,885	253,227	255,028	257,778	275,146
Gross profit margin		62.02%	62.50%	62.55%	63.69%	64.74%	64.45%	64.32%	64.27%	64.54%	64.70%	65.36%	65.71%	66.09%	66.38%	66.39%	66.48%	66.26%	66.56%	66.66%	66.48%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $240,959K ÷ $388,537K
= 62.02%

Artivion Inc's gross profit margin has shown a gradual decline over the past few years based on the provided data. Starting at 66.48% in March 2020, the gross profit margin remained relatively stable around the mid-66% range until reaching its peak of 66.66% in June 2020. However, from that point on, there was a gradual decrease in the margin, with occasional minor fluctuations observed.

By December 2024, Artivion Inc's gross profit margin had decreased to 62.02%, reflecting a downward trend over the period analyzed. This decline could be attributed to various factors, such as increases in the cost of goods sold without a proportional increase in sales revenue, pricing pressures, changes in product mix, or inefficiencies in production and procurement processes.

It is essential for Artivion Inc to closely monitor and evaluate the factors impacting its gross profit margin to identify opportunities for improvement. By addressing cost drivers, optimizing pricing strategies, and enhancing operational efficiencies, the company can work towards reversing the downward trend in its gross profit margin and enhancing overall profitability.