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)