Becton Dickinson and Company (BDX)

Gross profit margin

		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	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	2,566,000	1,298,000	1,092,000	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
Revenue (ttm)	US$ in thousands	20,178,000	19,828,000	19,716,000	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
Gross profit margin		12.72%	6.55%	5.54%	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%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,566,000K ÷ $20,178,000K
= 12.72%

The gross profit margin of Becton Dickinson and Company has exhibited some fluctuations over the past eight quarters. The trend indicates a decline in the gross profit margin from 47.78% in December 2019 to 12.72% in September 2024.

During the most recent quarter, ending September 30, 2024, the company's gross profit margin stood at 12.72%, showing an improvement from the preceding quarter's 6.55%. However, it is noteworthy that the margin remains relatively low compared to historical levels.

The downward trend in the gross profit margin may raise concerns about the company's ability to efficiently manage its production costs and maintain profitability. Investors and stakeholders may closely monitor future financial reports to assess whether the company can improve its gross profit margin through cost control measures or revenue enhancement strategies.