Catalent Inc (CTLT)

Gross profit margin

		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	Sep 30, 2019
Gross profit (ttm)	US$ in thousands	953,000	784,000	735,000	951,000	1,040,000	1,287,000	1,530,000	1,548,000	1,614,000	1,591,000	1,534,000	1,427,000	1,352,000	1,247,600	1,120,400	1,054,600	983,300	905,200	865,100	834,300
Revenue (ttm)	US$ in thousands	4,381,000	4,135,000	4,098,000	4,223,000	4,263,000	4,495,000	4,731,000	4,799,000	4,802,000	4,703,000	4,483,000	4,177,000	3,998,000	5,904,000	5,611,600	5,422,000	5,240,700	2,872,400	2,729,300	2,630,900
Gross profit margin		21.75%	18.96%	17.94%	22.52%	24.40%	28.63%	32.34%	32.26%	33.61%	33.83%	34.22%	34.16%	33.82%	21.13%	19.97%	19.45%	18.76%	31.51%	31.70%	31.71%

June 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $953,000K ÷ $4,381,000K
= 21.75%

The gross profit margin of Catalent Inc has shown some fluctuations over the past few quarters. The margin was relatively stable around the mid-30% range in 2021, but began to decline in 2022. There was a noticeable drop in the margin in the first quarter of 2023 to 19.97%, followed by further decreases in subsequent quarters.

In the most recent quarter, ending June 30, 2024, the gross profit margin improved to 21.75%, showing a positive trend compared to the previous quarters. This increase may indicate that Catalent Inc has been able to better manage its cost of goods sold and potentially improve its pricing strategies.

It will be important to monitor the trend of the gross profit margin in the upcoming quarters to assess whether this improvement is sustainable and whether the company is successfully addressing any underlying challenges impacting its profitability.