Becton Dickinson and Company (BDX)
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 | 1,011,000 | 1,186,000 | 2,240,000 | 2,258,000 | 2,315,000 | 2,588,000 | 2,711,000 | 2,723,000 | 2,716,000 | 3,089,000 | 4,694,000 | 5,780,000 | 6,800,000 | 7,577,000 | 7,637,000 | 8,052,000 | 8,292,000 | 8,288,000 | 8,116,000 | 8,059,000 |
Revenue (ttm) | US$ in thousands | 19,492,000 | 19,372,000 | 19,046,000 | 18,809,000 | 18,738,000 | 18,870,000 | 18,958,000 | 18,924,000 | 19,081,000 | 19,678,000 | 19,613,000 | 18,861,000 | 18,207,000 | 17,117,000 | 16,917,000 | 17,412,000 | 17,354,000 | 17,289,000 | 17,107,000 | 17,035,000 |
Gross profit margin | 5.19% | 6.12% | 11.76% | 12.00% | 12.35% | 13.71% | 14.30% | 14.39% | 14.23% | 15.70% | 23.93% | 30.65% | 37.35% | 44.27% | 45.14% | 46.24% | 47.78% | 47.94% | 47.44% | 47.31% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,011,000K ÷ $19,492,000K
= 5.19%
The gross profit margin of Becton Dickinson & Co. has shown a declining trend over the past few quarters, dropping from 45.81% in Q2 2022 to 41.37% in Q1 2024. This could indicate increasing costs of goods sold relative to sales revenue or difficulties in maintaining pricing power. Despite the fluctuations, the company has generally maintained a gross profit margin above 40%, which is a positive sign of effective cost management and pricing strategies. Further analysis of the company's cost structure and pricing strategies may provide insights into the factors driving the changes in the gross profit margin.
Peer comparison
Dec 31, 2023
See also:
Becton Dickinson and Company Gross Profit Margin (Quarterly Data)