F5 Networks Inc (FFIV)

Gross profit margin

		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	Mar 31, 2020	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	2,258,473	2,221,529	2,223,418	2,230,698	2,219,861	2,206,422	2,189,218	2,149,562	2,156,218	2,156,966	2,143,822	2,152,659	2,110,270	2,059,800	2,006,401	1,971,910	1,942,935	1,939,556	1,934,971	1,909,477
Revenue (ttm)	US$ in thousands	2,827,520	2,787,720	2,794,867	2,816,688	2,830,769	2,832,628	2,804,474	2,735,523	2,720,645	2,701,609	2,678,636	2,689,699	2,618,816	2,545,335	2,477,072	2,415,234	2,356,422	2,331,994	2,312,136	2,273,582
Gross profit margin		79.87%	79.69%	79.55%	79.20%	78.42%	77.89%	78.06%	78.58%	79.25%	79.84%	80.03%	80.03%	80.58%	80.92%	81.00%	81.64%	82.45%	83.17%	83.69%	83.99%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,258,473K ÷ $2,827,520K
= 79.87%

F5 Networks Inc has maintained a consistently high gross profit margin over the past several quarters, demonstrating strong operational efficiency in generating profits from its sales. The gross profit margin has ranged from 79.20% to 83.99% over the past five years, with a gradual decline in recent quarters from the peak of 83.99% in December 2019. Despite the slight decrease in the most recent quarter (September 2024), the company continues to maintain a robust margin above 79%, indicating effective cost control and pricing strategies. Overall, F5 Networks Inc's gross profit margin reflects a healthy performance in managing its cost of goods sold relative to its revenues, which is a positive indicator for investors and stakeholders.