Fulgent Genetics Inc (FLGT)
Gross profit margin
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 | Mar 31, 2020 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross profit (ttm) | US$ in thousands | 103,235 | 94,657 | 107,730 | 103,801 | 102,498 | 92,214 | 98,465 | 143,169 | 366,901 | 543,451 | 681,758 | 734,240 | 777,051 | 830,720 | 721,773 | 613,563 | 331,905 | 93,452 | 24,459 | 19,715 |
Revenue (ttm) | US$ in thousands | 283,470 | 277,761 | 290,705 | 287,530 | 289,213 | 286,412 | 307,380 | 364,868 | 618,968 | 802,935 | 925,148 | 953,423 | 992,584 | 1,035,891 | 909,739 | 773,388 | 421,712 | 135,121 | 43,752 | 34,911 |
Gross profit margin | 36.42% | 34.08% | 37.06% | 36.10% | 35.44% | 32.20% | 32.03% | 39.24% | 59.28% | 67.68% | 73.69% | 77.01% | 78.29% | 80.19% | 79.34% | 79.33% | 78.70% | 69.16% | 55.90% | 56.47% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $103,235K ÷ $283,470K
= 36.42%
Fulgent Genetics Inc's gross profit margin has shown fluctuations over the analyzed periods. The margin started at 56.47% in March 2020 and generally increased over the next few quarters, reaching a peak of 80.19% in September 2021. This upward trend indicates improved efficiency in generating revenue from the company's core operations.
However, from December 2021 onwards, the gross profit margin began to decline steadily, falling to 36.42% by December 2024. This decrease may suggest either an increase in the cost of goods sold or challenges in maintaining pricing power in a competitive market.
The declining trend in the gross profit margin warrants a closer look into the company's cost structure, pricing strategies, and overall operational efficiency to address any potential underlying issues affecting profitability.
Peer comparison
Dec 31, 2024