Haemonetics Corporation (HAE)

Gross profit margin

		Mar 31, 2025	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
Gross profit (ttm)	US$ in thousands	748,958	727,507	711,827	694,900	687,241	671,891	652,731	640,099	615,097	595,159	575,017	539,680	505,502	450,998	432,690	415,893	397,838	429,588	437,381	458,637
Revenue (ttm)	US$ in thousands	1,360,824	1,373,515	1,361,223	1,333,895	1,309,055	1,270,181	1,239,232	1,218,534	1,168,660	1,129,246	1,083,714	1,026,126	993,196	953,223	933,825	903,414	870,463	883,926	902,525	945,605
Gross profit margin		55.04%	52.97%	52.29%	52.10%	52.50%	52.90%	52.67%	52.53%	52.63%	52.70%	53.06%	52.59%	50.90%	47.31%	46.34%	46.04%	45.70%	48.60%	48.46%	48.50%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $748,958K ÷ $1,360,824K
= 55.04%

Based on the data provided, Haemonetics Corporation's gross profit margin has shown fluctuations over the period from June 30, 2020, to March 31, 2025. The gross profit margin started at 48.50% in June 2020, experienced some variations, and then increased steadily over time.

There was a slight dip in the gross profit margin to 45.70% in March 2021, possibly due to changes in costs or pricing strategies. However, from that point on, the gross profit margin showed a positive trend, with consistent improvements quarter over quarter.

The company's gross profit margin reached a peak of 55.04% in March 2025, indicating that the company was effectively managing its production costs and generating more revenue from its core operations. This improvement suggests that Haemonetics Corporation was able to increase its profitability by either reducing costs, increasing prices, or a combination of both.

Overall, the trend in Haemonetics Corporation's gross profit margin is positive and demonstrates the company's ability to maintain healthy margins and improve operational efficiency over the analyzed period.