Illumina Inc (ILMN)
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 | 2,861,000 | 2,807,000 | 2,746,000 | 2,757,000 | 2,745,000 | 2,743,000 | 2,776,000 | 2,811,000 | 2,971,000 | 3,116,000 | 3,169,000 | 3,204,000 | 3,153,000 | 2,966,000 | 2,722,000 | 2,348,000 | 2,203,000 | 2,235,000 | 2,357,000 | 2,502,000 |
| Revenue (ttm) | US$ in thousands | 4,372,000 | 4,390,000 | 4,429,000 | 4,493,000 | 4,504,000 | 4,465,000 | 4,461,000 | 4,447,000 | 4,583,000 | 4,699,000 | 4,692,000 | 4,656,000 | 4,526,000 | 4,280,000 | 3,966,000 | 3,473,000 | 3,239,000 | 3,238,000 | 3,351,000 | 3,556,000 |
| Gross profit margin | 65.44% | 63.94% | 62.00% | 61.36% | 60.95% | 61.43% | 62.23% | 63.21% | 64.83% | 66.31% | 67.54% | 68.81% | 69.66% | 69.30% | 68.63% | 67.61% | 68.01% | 69.02% | 70.34% | 70.36% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,861,000K ÷ $4,372,000K
= 65.44%
The gross profit margin of Illumina Inc has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at a relatively high level of 70.36% in March 31, 2020, and remained relatively stable around the 70% range for the first few quarters.
However, there was a gradual decline in the gross profit margin from December 31, 2020 (68.01%) to June 30, 2022 (67.54%), indicating potential challenges in maintaining profitability levels. The lowest point during this period was observed in March 31, 2023, with a gross profit margin of 63.21%.
Subsequently, there was a slight improvement in the gross profit margin trend, reaching 65.44% by December 31, 2024. This uptick suggests that Illumina may have implemented measures to enhance its profitability, although the margin remained below the initial levels seen in early 2020.
Overall, the fluctuations in Illumina's gross profit margin indicate varying levels of efficiency in managing production costs and generating revenue from sales. Further analysis of the company's cost structure and pricing strategies may provide insights into the drivers behind these margin changes.
Peer comparison
Dec 31, 2024