DexCom Inc (DXCM)
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 | 2,288,900 | 2,173,600 | 2,044,500 | 1,947,600 | 1,883,100 | 1,814,400 | 1,767,100 | 1,734,700 | 1,680,500 | 1,607,000 | 1,500,500 | 1,367,500 | 1,280,100 | 1,190,300 | 1,096,800 | 1,019,200 | 931,500 | 845,000 | 766,700 | 713,800 |
Revenue (ttm) | US$ in thousands | 3,603,200 | 3,380,700 | 3,175,600 | 3,001,700 | 2,889,200 | 2,740,300 | 2,599,600 | 2,478,000 | 2,333,800 | 2,206,500 | 2,058,200 | 1,914,400 | 1,823,900 | 1,754,600 | 1,659,800 | 1,555,100 | 1,426,800 | 1,302,000 | 1,187,500 | 1,108,600 |
Gross profit margin | 63.52% | 64.29% | 64.38% | 64.88% | 65.18% | 66.21% | 67.98% | 70.00% | 72.01% | 72.83% | 72.90% | 71.43% | 70.18% | 67.84% | 66.08% | 65.54% | 65.29% | 64.90% | 64.56% | 64.39% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,288,900K ÷ $3,603,200K
= 63.52%
Based on the data provided, Dexcom Inc's gross profit margin has exhibited a moderate decline over the past several quarters. The gross profit margin decreased steadily from 67.44% in Q1 2022 to 63.19% in Q4 2023. This downward trend suggests that Dexcom Inc may be experiencing challenges in maintaining its profitability on sales after accounting for the cost of goods sold. The company's gross profit margin has remained above 60% throughout the period, indicating a healthy level of profitability despite the recent decline. It would be important for Dexcom Inc to closely monitor and address any factors impacting its gross profit margin to ensure sustainable financial performance in the future.
Peer comparison
Dec 31, 2023