Hologic Inc (HOLX)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,227,800 | 2,071,500 | 2,997,400 | 3,795,800 | 2,227,500 |
| Revenue | US$ in thousands | 4,030,300 | 4,030,400 | 4,862,800 | 5,632,300 | 3,776,400 |
| Gross profit margin | 55.28% | 51.40% | 61.64% | 67.39% | 58.98% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,227,800K ÷ $4,030,300K
= 55.28%
Hologic Inc's gross profit margin has exhibited fluctuations over the past five years. The trend indicates a decline in gross profit margin from 58.98% in September 2020 to 51.40% in September 2023, followed by an increase to 55.28% in September 2024.
In general, a gross profit margin reflects a company's ability to generate profit from its core operations after accounting for the cost of goods sold. The declining trend from 2020 to 2023 may suggest increased competition, pricing pressures, or rising production costs impacting the company's profitability. However, the improvement seen in 2024 indicates potential operational efficiencies or pricing strategies implemented by the company to enhance profitability.
It is essential for investors and stakeholders to closely monitor Hologic Inc's gross profit margin performance over time to assess its operational efficiency, cost management, and overall profitability.
Peer comparison
Sep 30, 2024