Biogen Inc (BIIB)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	4,293,100	5,114,100	5,316,400	11,639,400	12,422,500
Revenue	US$ in thousands	9,835,600	10,173,400	10,981,700	13,444,600	14,377,900
Gross profit margin		43.65%	50.27%	48.41%	86.57%	86.40%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $4,293,100K ÷ $9,835,600K
= 43.65%

Biogen Inc's gross profit margin has shown a declining trend over the past five years, starting at 86.40% in 2019 and decreasing to 74.24% in 2023. This indicates a decrease in the percentage of revenues remaining after accounting for the cost of goods sold. The decline in gross profit margin could be attributed to various factors such as increased production costs, pricing pressures, or changes in the product mix. It is important for Biogen Inc to closely monitor and address the factors affecting its gross profit margin to maintain profitability and strengthen its financial performance.