Leidos Holdings Inc (LDOS)

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	2,244,000	2,170,000	2,096,000	2,067,000	2,084,000	2,071,000	2,099,000	2,059,000	2,014,000	1,997,000	1,924,000	1,809,000	1,737,000	1,673,000	1,590,000	1,587,000	1,548,000	1,490,000	1,506,000	1,468,000
Revenue (ttm)	US$ in thousands	15,438,000	15,155,000	14,842,000	14,601,000	14,396,000	14,190,000	14,065,000	13,916,000	13,737,000	13,498,000	13,257,000	12,723,000	12,297,000	11,999,000	11,592,000	11,406,000	11,094,000	10,787,000	10,527,000	10,293,000
Gross profit margin		14.54%	14.32%	14.12%	14.16%	14.48%	14.59%	14.92%	14.80%	14.66%	14.79%	14.51%	14.22%	14.13%	13.94%	13.72%	13.91%	13.95%	13.81%	14.31%	14.26%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,244,000K ÷ $15,438,000K
= 14.54%

Leidos Holdings Inc has shown relative stability in its gross profit margin over the past 20 quarters. The gross profit margin has ranged from a low of 13.72% in June 2020 to a high of 14.92% in June 2022. The average gross profit margin over this period is approximately 14.34%, indicating the company generally maintains a healthy level of gross profit relative to its revenues. It is essential to monitor any significant deviations from this average to assess the company's ability to effectively manage its cost of goods sold and generate profits from its core operations.