Juniper Networks Inc (JNPR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,201,900 | 2,958,300 | 2,740,100 | 2,573,700 | 2,616,800 |
| Revenue | US$ in thousands | 5,484,500 | 5,288,400 | 4,624,000 | 4,313,100 | 4,341,400 |
| Gross profit margin | 58.38% | 55.94% | 59.26% | 59.67% | 60.28% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,201,900K ÷ $5,484,500K
= 58.38%
Juniper Networks Inc's gross profit margin has exhibited some fluctuation over the past five years. In 2023, the gross profit margin stands at 57.54%, marking a slight increase from the previous year's 55.80%. Despite this improvement, the margin remains lower compared to 2021 and 2020 when it was 57.86% and 57.90%, respectively. Moreover, the gross profit margin in 2019 was notably higher at 58.87%. This trend suggests that Juniper Networks Inc may have experienced some challenges in maintaining profitability or managing cost of goods sold in recent years. Further analysis of the company's cost structure and pricing strategies may provide additional insights into the factors influencing its gross profit margin dynamics.
Peer comparison
Dec 31, 2023