Glaukos Corp (GKOS)

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	239,136	229,667	224,537	219,093	213,883	216,253	221,185	226,667	227,384	224,653	212,212	161,768	133,240	129,541	133,448	174,288	198,396	195,409	182,500	168,771
Revenue (ttm)	US$ in thousands	303,223	293,554	286,692	278,963	272,731	274,744	281,666	290,488	292,910	292,904	283,025	236,490	222,935	215,550	208,628	235,970	236,597	224,824	210,423	192,784
Gross profit margin		78.86%	78.24%	78.32%	78.54%	78.42%	78.71%	78.53%	78.03%	77.63%	76.70%	74.98%	68.40%	59.77%	60.10%	63.96%	73.86%	83.85%	86.92%	86.73%	87.54%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $239,136K ÷ $303,223K
= 78.86%

The gross profit margin of Glaukos Corporation has shown relatively stable performance over the past eight quarters. The margins have consistently remained high, ranging from 75.61% to 77.17%. This indicates that the company is effectively controlling its production and direct costs related to sales. Despite minor fluctuations, the overall trend suggests a strong ability to generate profits from its core business operations. It is essential for Glaukos to continue monitoring and optimizing its cost structure to sustain and potentially improve its gross profit margin in the future.