Becton Dickinson and Company (BDX)

Gross profit margin

		Sep 30, 2024	Sep 30, 2023	Sep 30, 2022	Sep 30, 2021	Sep 30, 2020
Gross profit	US$ in thousands	2,375,000	1,094,000	2,215,000	3,157,000	7,577,000
Revenue	US$ in thousands	20,178,000	19,372,000	18,870,000	19,131,000	16,074,000
Gross profit margin		11.77%	5.65%	11.74%	16.50%	47.14%

September 30, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,375,000K ÷ $20,178,000K
= 11.77%

The gross profit margin of Becton Dickinson and Company has exhibited fluctuations over the past five years. In the most recent fiscal year ending on September 30, 2024, the company's gross profit margin stood at 11.77%, representing an increase compared to the previous year's margin of 5.65% in 2023.

The significant decline in the gross profit margin in 2023 may have raised concerns, but the subsequent improvement in 2024 indicates that the company has taken steps to enhance its profitability. It is essential to investigate the reasons behind the fluctuation in the gross profit margin to assess the effectiveness of the company's strategies in managing costs and generating revenue.

Comparing the current gross profit margin to historical data, there has been a notable downward trend since 2020 when the margin was substantially higher at 47.14%. This suggests that Becton Dickinson and Company may have faced challenges in maintaining profitability in recent years.

Further analysis of the company's cost structure, pricing strategy, and revenue streams would be necessary to determine the factors influencing the gross profit margin. Additionally, evaluating industry trends and competitors' performance could provide valuable insights into Becton Dickinson and Company's positioning within the market.