GE HealthCare Technologies Inc. (GEHC)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | ||
|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 8,205,000 | 8,086,000 | 7,995,000 | 7,933,000 | 7,922,000 | 7,698,000 |
| Revenue (ttm) | US$ in thousands | 19,107,000 | 18,958,000 | 18,917,000 | 18,895,000 | 18,952,000 | 19,284,000 |
| Gross profit margin | 42.94% | 42.65% | 42.26% | 41.98% | 41.80% | 39.92% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,205,000K ÷ $19,107,000K
= 42.94%
The gross profit margin of GE HealthCare Technologies Inc. has shown a positive trend over the past year, increasing steadily from 39.92% as of September 30, 2023, to 42.94% by December 31, 2024. This indicates an improvement in the company's ability to generate profits from its revenue after accounting for the cost of goods sold. The consistent growth in gross profit margin suggests that the company has been effectively managing its production costs and pricing strategies, potentially leading to enhanced profitability and operational efficiency. Overall, the increasing gross profit margin reflects positively on GE HealthCare Technologies Inc.'s financial performance and competitive positioning in the market.
Peer comparison
Dec 31, 2024