Boston Scientific Corp (BSX)
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 | 9,896,000 | 9,549,000 | 9,314,000 | 9,005,000 | 8,727,000 | 8,650,000 | 8,491,000 | 8,390,000 | 8,177,000 | 7,730,000 | 7,488,000 | 6,568,000 | 6,447,000 | 6,793,000 | 6,933,000 | 7,594,000 | 7,620,000 | 7,398,000 | 7,188,000 | 7,066,000 |
Revenue (ttm) | US$ in thousands | 13,974,000 | 10,508,000 | 10,348,000 | 9,999,000 | 9,228,000 | 12,104,000 | 11,689,000 | 11,502,000 | 11,625,000 | 11,168,000 | 10,855,000 | 9,774,000 | 9,553,000 | 9,751,000 | 9,790,000 | 10,420,000 | 10,349,000 | 10,035,000 | 9,758,000 | 9,649,000 |
Gross profit margin | 70.82% | 90.87% | 90.01% | 90.06% | 94.57% | 71.46% | 72.64% | 72.94% | 70.34% | 69.22% | 68.98% | 67.20% | 67.49% | 69.66% | 70.82% | 72.88% | 73.63% | 73.72% | 73.66% | 73.23% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $9,896,000K ÷ $13,974,000K
= 70.82%
Boston Scientific Corp.'s gross profit margin has remained relatively stable over the past eight quarters, ranging from 68.81% to 69.49%. This consistency indicates the company's ability to effectively manage its production costs and maintain a healthy markup on its products. The gradual improvement in the gross profit margin from Q4 2022 to Q4 2023 suggests that Boston Scientific Corp. may have implemented operational efficiencies or pricing strategies that have positively impacted its profitability. Overall, the consistent and solid gross profit margin performance reflects positively on the company's operational effectiveness and ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2023