Baxter International Inc (BAX)
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 | 4,975,000 | 4,891,000 | 4,819,000 | 5,079,000 | 5,152,000 | 5,170,000 | 5,446,000 | 5,308,000 | 5,105,000 | 4,890,000 | 4,764,000 | 4,569,000 | 4,587,000 | 4,694,000 | 4,729,000 | 4,844,000 | 4,761,000 | 4,646,000 | 4,648,000 | 4,718,000 |
Revenue (ttm) | US$ in thousands | 14,920,000 | 14,899,000 | 14,958,000 | 15,052,000 | 15,164,000 | 14,775,000 | 14,223,000 | 13,534,000 | 12,731,000 | 12,327,000 | 12,064,000 | 11,659,000 | 11,491,000 | 11,459,000 | 11,330,000 | 11,475,000 | 11,340,000 | 11,142,000 | 11,110,000 | 11,118,000 |
Gross profit margin | 33.34% | 32.83% | 32.22% | 33.74% | 33.98% | 34.99% | 38.29% | 39.22% | 40.10% | 39.67% | 39.49% | 39.19% | 39.92% | 40.96% | 41.74% | 42.21% | 41.98% | 41.70% | 41.84% | 42.44% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,975,000K ÷ $14,920,000K
= 33.34%
Baxter International Inc. has displayed consistency in its gross profit margin over the quarters presented. The gross profit margin has ranged between 33.59% and 39.19% over the past eight quarters. There was a noticeable decline in the gross profit margin from Q2 2022 to Q1 2023, from 38.95% to 35.84%, followed by a slight decrease to 33.59% in Q4 2023.
The company may have experienced changes in factors affecting its cost of goods sold or sales prices during these periods. Overall, maintaining a gross profit margin above 30% indicates that Baxter International Inc. has been able to effectively manage its production costs relative to its revenue, ensuring a healthy level of profitability.
Peer comparison
Dec 31, 2023
See also:
Baxter International Inc Gross Profit Margin (Quarterly Data)