IDEXX Laboratories Inc (IDXX)

Gross profit margin

		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	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	2,380,648	2,336,155	2,288,099	2,240,069	2,189,970	2,148,730	2,107,374	2,048,556	2,004,338	1,975,832	1,942,127	1,917,403	1,889,432	1,842,513	1,792,198	1,682,232	1,571,040	1,492,687	1,415,031	1,393,542
Revenue (ttm)	US$ in thousands	3,897,506	3,844,819	3,784,803	3,724,853	3,660,953	3,587,920	3,514,054	3,430,970	3,367,324	3,339,846	3,308,606	3,274,202	3,215,360	3,135,208	3,046,576	2,858,026	2,706,655	2,591,163	2,474,677	2,457,188
Gross profit margin		61.08%	60.76%	60.45%	60.14%	59.82%	59.89%	59.97%	59.71%	59.52%	59.16%	58.70%	58.56%	58.76%	58.77%	58.83%	58.86%	58.04%	57.61%	57.18%	56.71%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,380,648K ÷ $3,897,506K
= 61.08%

The gross profit margin of IDEXX Laboratories Inc has been showing a positive trend over the past few years, indicating strong performance in generating sales revenue after accounting for the cost of goods sold. The margin has steadily increased from 56.71% in March 2020 to 61.08% in December 2024. This upward trajectory reflects the company's ability to effectively manage production costs and optimize pricing strategies to enhance profitability.

The consistent improvement in gross profit margin demonstrates IDEXX Laboratories Inc's efficiency in controlling its direct costs associated with producing goods and services. This trend suggests that the company is effectively managing its manufacturing, operational, and supply chain processes to maintain a competitive advantage in its industry.

Investors and stakeholders may view the rising gross profit margin positively as it indicates the company's ability to generate higher profits from each dollar of revenue. This trend also reflects IDEXX Laboratories Inc's strength in managing its cost structure and maximizing its profitability, which could contribute to its overall financial health and sustainability in the long term.