F5 Networks Inc (FFIV)

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	2,230,698	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	1,885,870	1,855,669	1,834,236
Revenue (ttm)	US$ in thousands	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	2,242,447	2,214,768	2,193,577
Gross profit margin		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%	84.10%	83.79%	83.62%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,230,698K ÷ $2,816,688K
= 79.20%

The gross profit margin of F5 Inc has been relatively stable over the past eight quarters, ranging from a high of 80.75% in Q2 2022 to a low of 78.63% in Q3 2023. Despite some fluctuations, the gross profit margin has generally remained above 78%, indicating that the company is effectively managing its cost of goods sold and generating a strong gross profit from its revenue. This consistency suggests that F5 Inc has a solid pricing strategy, efficient production processes, and effective cost controls in place. Overall, the gross profit margin trend indicates a healthy and consistent performance in terms of generating profits from its core business operations.