Glaukos Corp (GKOS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 239,136 | 213,883 | 227,384 | 133,240 | 198,396 |
| Revenue | US$ in thousands | 301,165 | 266,924 | 278,319 | 211,679 | 233,795 |
| Gross profit margin | 79.40% | 80.13% | 81.70% | 62.94% | 84.86% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $239,136K ÷ $301,165K
= 79.40%
The gross profit margin of Glaukos Corporation has exhibited fluctuations over the past five years. In 2023, the gross profit margin was 75.99%, showing a slight improvement compared to the previous year's margin of 75.61%. However, these figures are lower than the exceptionally high margin of 83.72% in 2019. The significant drop in 2020 to 59.23% indicates a possible impact on the company's cost structure or pricing strategy during that period. Overall, the company has maintained relatively healthy gross profit margins, but there may be room for further analysis to understand the factors driving these fluctuations.
Peer comparison
Dec 31, 2023