O’Reilly Automotive Inc (ORLY)

Gross profit margin

		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	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	8,104,800	7,991,320	7,765,820	7,563,960	7,381,700	7,262,290	7,145,570	7,087,230	7,019,960	6,757,560	6,619,790	6,430,590	6,085,700	5,938,140	5,680,200	5,411,310	5,394,690	5,304,430	5,197,660	5,118,010
Revenue (ttm)	US$ in thousands	15,673,280	15,485,750	15,089,740	14,703,610	14,301,060	13,948,060	13,635,980	13,430,250	13,222,560	12,759,840	12,481,270	12,103,380	11,487,200	11,141,410	10,606,010	10,111,240	10,049,160	9,881,140	9,700,550	9,569,440
Gross profit margin		51.71%	51.60%	51.46%	51.44%	51.62%	52.07%	52.40%	52.77%	53.09%	52.96%	53.04%	53.13%	52.98%	53.30%	53.56%	53.52%	53.68%	53.68%	53.58%	53.48%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $8,104,800K ÷ $15,673,280K
= 51.71%

O`Reilly Automotive, Inc.'s gross profit margin has shown a relatively stable trend over the past eight quarters, ranging from 51.02% to 52.37%. The company's gross profit margin peaked at 52.37% in Q2 2022 and has since slightly declined. Despite minor fluctuations, the gross profit margin has remained above the 50% threshold consistently, indicating a healthy level of profitability in the company's operations. O`Reilly Automotive, Inc. maintains a strong position in generating profits from its sales after accounting for the cost of goods sold, which is essential for sustainable growth and financial stability.