Hologic Inc (HOLX)
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 | 2,021,100 | 2,071,500 | 2,085,900 | 2,268,200 | 2,629,000 | 2,997,400 | 3,310,800 | 3,462,600 | 3,601,800 | 3,795,900 | 3,899,600 | 3,664,100 | 2,974,100 | 2,227,500 | 1,545,200 | 1,523,900 | 1,170,500 | 1,170,800 | 1,342,400 | 1,333,600 |
| Revenue (ttm) | US$ in thousands | 3,969,300 | 4,030,400 | 4,038,300 | 4,056,600 | 4,465,800 | 4,862,700 | 5,226,100 | 5,391,700 | 5,493,600 | 5,632,300 | 5,662,700 | 5,317,300 | 4,535,800 | 3,776,500 | 3,295,300 | 3,324,800 | 3,387,100 | 3,367,300 | 3,315,000 | 3,286,600 |
| Gross profit margin | 50.92% | 51.40% | 51.65% | 55.91% | 58.87% | 61.64% | 63.35% | 64.22% | 65.56% | 67.40% | 68.86% | 68.91% | 65.57% | 58.98% | 46.89% | 45.83% | 34.56% | 34.77% | 40.49% | 40.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,021,100K ÷ $3,969,300K
= 50.92%
The gross profit margin of Hologic Inc has exhibited a fluctuating trend over the past few years. The margin has seen a general decline from around 68.91% in March 2021 to 50.92% in December 2023. This downward trend may indicate various factors such as changes in the cost of goods sold, pricing strategies, or shifts in product mix.
During the earlier periods, from 2019 to mid-2021, the company maintained a higher gross profit margin above 60%, indicating strong profitability and efficient cost management. However, there has been a significant drop in the margin since mid-2021, which continued through 2022 and into 2023. This decline may raise concerns regarding the company's ability to maintain profitability levels and control costs effectively.
It is essential for stakeholders to closely monitor the gross profit margin trend of Hologic Inc to assess the company's operational efficiency and competitive positioning in the market. Additionally, further analysis and investigation into the underlying reasons for the fluctuating margin can provide valuable insights for strategic decision-making and performance improvement.
Peer comparison
Dec 31, 2023