International Business Machines (IBM)
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 | 34,300,000 | 33,665,000 | 33,072,000 | 32,861,000 | 32,687,000 | 32,556,000 | 32,232,000 | 31,794,000 | 31,486,000 | 27,798,000 | 29,122,000 | 29,970,000 | 30,865,000 | 31,197,000 | 31,103,000 | 31,413,000 | 31,534,000 | 36,076,000 | 36,543,000 | 36,732,000 |
| Revenue (ttm) | US$ in thousands | 61,860,000 | 61,169,000 | 60,524,000 | 60,584,000 | 60,529,000 | 60,533,000 | 59,677,000 | 58,360,000 | 57,350,000 | 42,582,000 | 46,891,000 | 50,796,000 | 55,180,000 | 55,598,000 | 56,066,000 | 57,104,000 | 57,715,000 | 77,132,000 | 77,860,000 | 78,702,000 |
| Gross profit margin | 55.45% | 55.04% | 54.64% | 54.24% | 54.00% | 53.78% | 54.01% | 54.48% | 54.90% | 65.28% | 62.11% | 59.00% | 55.94% | 56.11% | 55.48% | 55.01% | 54.64% | 46.77% | 46.93% | 46.67% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $34,300,000K ÷ $61,860,000K
= 55.45%
The gross profit margin of International Business Machines Corp. has shown fluctuations in recent quarters. In Q4 2023, the gross profit margin was 55.45%, a slight improvement compared to the previous quarter (Q3 2023) at 55.04%. However, Q4 2023 is part of an overall decreasing trend since Q2 2023, where the gross profit margin was at its highest in recent periods at 54.65%.
Comparing the Q4 2023 gross profit margin to the same quarter in the previous year (Q4 2022) shows a decline from 54.00% to 55.45%. This indicates some improvement in efficiency in generating revenue after accounting for the cost of goods sold.
The gross profit margin peaked in Q3 2022 at 61.92% and has been gradually decreasing since then. The company experienced a significant drop in gross profit margin from Q3 2022 to Q4 2022, and it has been on a fluctuating downward trend since then.
Overall, the gross profit margin of International Business Machines Corp. has been relatively stable but has shown some volatility in recent quarters. Management may need to closely monitor cost structures and pricing strategies to sustain or improve profit margins in the future.
Peer comparison
Dec 31, 2023
See also:
International Business Machines Gross Profit Margin (Quarterly Data)