McKesson Corporation (MCK)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 12,828,000 | 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 | 12,023,000 | 11,888,000 | 11,825,000 | 11,762,000 |
| Revenue (ttm) | US$ in thousands | 308,743,000 | 301,155,000 | 290,742,000 | 283,832,000 | 276,496,000 | 273,874,000 | 272,026,000 | 268,122,000 | 263,687,000 | 256,729,000 | 250,755,000 | 245,223,000 | 238,228,000 | 237,621,000 | 234,203,000 | 231,016,000 | 231,082,000 | 224,976,000 | 222,003,000 | 217,457,000 |
| Gross profit margin | 4.15% | 4.09% | 4.24% | 4.35% | 4.47% | 4.60% | 4.73% | 4.89% | 4.98% | 5.11% | 5.12% | 5.09% | 5.10% | 5.13% | 5.15% | 5.17% | 5.20% | 5.28% | 5.33% | 5.41% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $12,828,000K ÷ $308,743,000K
= 4.15%
The gross profit margin of McKesson Corporation has shown a gradual decline over the past several quarters, with the latest reported margin at 4.15%. This indicates that the company is retaining 4.15% of its revenue as gross profit after accounting for the cost of goods sold. The trend over the past eight quarters suggests a slight decrease in profitability, possibly due to factors such as rising costs or pricing pressures in the industry. It is important for the company to closely monitor and manage its cost structure to maintain healthy profit margins and sustainable financial performance.
Peer comparison
Mar 31, 2024