Moderna Inc (MRNA)
Gross profit margin
| 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 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,688,000 | 3,345,000 | 1,594,000 | 1,122,000 | 2,133,000 | 3,415,000 | 5,945,000 | 9,517,000 | 13,394,000 | 16,225,000 | 18,212,000 | 18,492,000 | 15,119,000 | 9,343,442 | 4,904,658 | 1,316,100 | -344,443 | -673,286 | -447,801 | -442,518 |
| Revenue (ttm) | US$ in thousands | 3,229,000 | 5,076,000 | 5,052,000 | 5,155,000 | 6,826,000 | 9,097,000 | 10,486,000 | 14,708,000 | 18,810,000 | 20,675,000 | 22,284,000 | 21,933,000 | 17,736,000 | 11,016,375 | 6,199,591 | 2,013,033 | 274,490 | 55,668 | 56,790 | 38,378 |
| Gross profit margin | 52.28% | 65.90% | 31.55% | 21.77% | 31.25% | 37.54% | 56.69% | 64.71% | 71.21% | 78.48% | 81.73% | 84.31% | 85.24% | 84.81% | 79.11% | 65.38% | -125.48% | -1,209.47% | -788.52% | -1,153.05% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,688,000K ÷ $3,229,000K
= 52.28%
Moderna Inc has exhibited a volatile trend in its gross profit margin over the past few years. The company experienced negative gross profit margins in the early quarters of 2020 and 2021, indicating that its cost of goods sold exceeded its revenue from sales during those periods.
However, starting from the first quarter of 2021, Moderna Inc saw a significant turnaround in its gross profit margin, with a notable increase to 65.38%, followed by a steady improvement in subsequent quarters. The gross profit margin reached its peak at 85.24% by the end of 2021, reflecting the company's ability to generate profits after accounting for the cost of production.
In the following years, the gross profit margin showed some fluctuations but generally remained at healthy levels, staying above 50% consistently. The most recent data as of the end of 2024 indicates a gross profit margin of 52.28%, suggesting Moderna Inc continues to generate a substantial profit from its core operations.
Overall, the trend in Moderna Inc's gross profit margin reflects a turnaround from negative margins to strong positive margins, indicating improved efficiency in managing production costs and maximizing sales revenue.
Peer comparison
Dec 31, 2024