McKesson Corporation (MCK)
Gross profit margin
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 13,127,000 | 12,951,000 | 12,819,000 | 12,640,000 | 12,706,000 | 12,309,000 | 12,331,000 | 12,357,000 | 12,358,000 | 12,610,000 | 12,864,000 | 13,121,000 | 13,130,000 | 13,109,000 | 12,832,000 | 12,480,000 | 12,148,000 | 12,187,000 | 12,069,000 | 11,936,000 |
| Revenue (ttm) | US$ in thousands | 359,051,000 | 344,583,000 | 330,187,000 | 313,751,000 | 308,951,000 | 301,506,000 | 291,098,000 | 284,040,000 | 276,711,000 | 273,903,000 | 272,027,000 | 268,446,000 | 263,966,000 | 257,006,000 | 250,991,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,194,000 | 231,002,000 |
| Gross profit margin | 3.66% | 3.76% | 3.88% | 4.03% | 4.11% | 4.08% | 4.24% | 4.35% | 4.47% | 4.60% | 4.73% | 4.89% | 4.97% | 5.10% | 5.11% | 5.09% | 5.10% | 5.13% | 5.15% | 5.17% |
March 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $13,127,000K ÷ $359,051,000K
= 3.66%
The gross profit margin of McKesson Corporation has shown a declining trend over the past few quarters based on the available data. Starting at 5.17% on June 30, 2020, the gross profit margin has steadily decreased to 3.66% on March 31, 2025. This indicates a decrease in the efficiency of the company's production and distribution processes in generating profits after accounting for the cost of goods sold.
The downward trend in the gross profit margin could be a cause for concern as it may suggest potential issues with pricing strategies, cost control measures, or competitive pressures impacting the company's profitability. Management may need to closely monitor and address the factors contributing to this decline to improve operational performance and maintain healthy margins in the future.
Investors and stakeholders should pay attention to this trend in the gross profit margin as it can provide insights into the overall financial health and competitive position of McKesson Corporation within the industry. Further analysis and comparison with industry benchmarks may be necessary to assess the company's performance relative to its peers.
Peer comparison
Mar 31, 2025