ELF Beauty Inc (ELF)

Gross profit margin

		Mar 31, 2025	Dec 31, 2024	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
Gross profit (ttm)	US$ in thousands	698,647	925,849	864,501	802,807	724,096	626,020	532,788	459,983	390,396	328,770	294,386	272,811	251,732	242,832	235,610	224,763	206,198	195,662	191,063	187,273
Revenue (ttm)	US$ in thousands	980,872	1,302,015	1,217,638	1,132,070	1,023,932	890,146	765,740	672,582	578,844	496,622	448,203	417,709	392,155	379,691	370,135	350,630	318,110	300,151	292,349	287,614
Gross profit margin		71.23%	71.11%	71.00%	70.91%	70.72%	70.33%	69.58%	68.39%	67.44%	66.20%	65.68%	65.31%	64.19%	63.96%	63.66%	64.10%	64.82%	65.19%	65.35%	65.11%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $698,647K ÷ $980,872K
= 71.23%

The gross profit margin of ELF Beauty Inc has shown a generally positive trend over the analyzed period from June 30, 2020, to March 31, 2025. The company's gross profit margin started at 65.11% in June 2020 and experienced some fluctuations, reaching a low of 63.66% in September 2021. However, from December 31, 2021, onwards, there has been a consistent upward trend in the gross profit margin, indicating improved efficiency in cost management and pricing strategies.

The gross profit margin gradually increased to 71.23% by March 31, 2025, reflecting ELF Beauty Inc's ability to generate more profit from each dollar of sales. The steady rise in gross profit margin could suggest better control over production costs, pricing strategies, and potentially better economies of scale.

Overall, the improving gross profit margin trend is a positive indicator of ELF Beauty Inc's profitability and operational efficiency during the period under review. Investors and stakeholders may view this trend favorably as it signals the company's ability to generate more profit from its core business operations.