Hologic Inc (HOLX)
Gross profit margin
| Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | Sep 30, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,071,500 | 2,997,400 | 3,795,800 | 2,227,500 | 1,170,900 |
| Revenue | US$ in thousands | 4,030,400 | 4,862,800 | 5,632,300 | 3,776,400 | 3,367,300 |
| Gross profit margin | 51.40% | 61.64% | 67.39% | 58.98% | 34.77% |
September 30, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,071,500K ÷ $4,030,400K
= 51.40%
Hologic, Inc.'s gross profit margin has shown a declining trend over the past five years, indicating a decrease in the percentage of revenue retained after accounting for the cost of goods sold. In the most recent fiscal year, ending September 30, 2023, the gross profit margin was 60.95%, marking a significant decrease from 68.08% in the previous year.
This decline could be attributable to various factors, such as an increase in the cost of goods sold relative to revenues or a decrease in pricing power, leading to lower profitability at the gross profit level.
Further analysis and comparison with industry benchmarks and competitors' gross profit margins would be useful in understanding the specific reasons behind this trend and determining the company's competitive position. Additionally, exploring the company's strategies to address the declining gross profit margin, such as cost-cutting initiatives or product mix adjustments, would provide valuable insights into its future profitability prospects.
Peer comparison
Sep 30, 2023