NeoGenomics Inc (NEO)
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 | 283,196 | 273,527 | 260,958 | 251,807 | 244,604 | 233,841 | 220,423 | 204,478 | 187,896 | 176,328 | 174,674 | 183,718 | 187,060 | 199,256 | 206,082 | 181,098 | 185,893 | 178,363 | 175,130 | 196,090 |
| Revenue (ttm) | US$ in thousands | 660,566 | 644,118 | 628,248 | 610,663 | 591,643 | 574,796 | 551,624 | 529,779 | 509,728 | 496,755 | 489,313 | 485,965 | 484,329 | 484,594 | 488,698 | 453,951 | 444,448 | 425,319 | 404,547 | 419,283 |
| Gross profit margin | 42.87% | 42.47% | 41.54% | 41.24% | 41.34% | 40.68% | 39.96% | 38.60% | 36.86% | 35.50% | 35.70% | 37.80% | 38.62% | 41.12% | 42.17% | 39.89% | 41.83% | 41.94% | 43.29% | 46.77% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $283,196K ÷ $660,566K
= 42.87%
The gross profit margin of NeoGenomics Inc has displayed some fluctuations over the past few years. It started at a relatively high level of 46.77% as of March 31, 2020, but gradually decreased to 35.70% by June 30, 2022. Subsequently, there was a slight increase in the margin to 42.87% by December 31, 2024.
The decreasing trend in the gross profit margin from 2020 to mid-2022 may indicate challenges in maintaining profitability, possibly due to factors such as increasing costs of goods sold or pricing pressures. However, the subsequent improvement in the margin from mid-2022 onwards suggests that the company may have implemented strategies to enhance its efficiency in generating gross profit.
Overall, it is important for stakeholders to monitor NeoGenomics Inc's gross profit margin closely to assess its operational efficiency and profitability trends, as it can provide valuable insights into the company's financial performance and competitiveness in the industry.