Mesa Laboratories Inc (MLAB)

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	147,456	140,122	133,770	130,424	127,772	129,895	129,258	133,535	133,693	135,604	131,466	118,220	109,090	98,714	90,740	88,885	86,642	80,547	74,571	68,762
Revenue (ttm)	US$ in thousands	240,978	237,747	228,380	223,712	216,187	212,874	213,688	219,272	219,080	222,368	222,777	199,868	184,335	163,420	142,896	138,916	133,937	130,181	127,664	121,340
Gross profit margin		61.19%	58.94%	58.57%	58.30%	59.10%	61.02%	60.49%	60.90%	61.02%	60.98%	59.01%	59.15%	59.18%	60.41%	63.50%	63.98%	64.69%	61.87%	58.41%	56.67%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $147,456K ÷ $240,978K
= 61.19%

Mesa Laboratories Inc's gross profit margin has displayed fluctuations over the data period. Initially, between June 30, 2020, and March 31, 2021, the gross profit margin showed a positive trend, increasing from 56.67% to 64.69%. However, from June 30, 2021, to June 30, 2024, the gross profit margin experienced a decline, reaching its lowest point of 58.30% on June 30, 2024.

Subsequently, there was a slight improvement in the gross profit margin, with an increase to 61.19% by March 31, 2025. Overall, Mesa Laboratories Inc's gross profit margin has shown some volatility but has generally been above 50%, indicating that the company is earning a substantial portion of revenue after accounting for the cost of goods sold.

It is important for Mesa Laboratories Inc to monitor and potentially address the fluctuations in its gross profit margin to ensure sustainable profitability and operational efficiency in the long term. Further analysis of the company's cost structure and pricing strategy may help in understanding the factors influencing the changes in the gross profit margin.