Penumbra Inc (PEN)

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	750,022	726,293	703,705	710,223	682,643	634,078	591,687	558,861	535,207	522,227	506,812	491,463	475,382	444,248	415,259	361,503	338,175	341,990	347,065	376,063
Revenue (ttm)	US$ in thousands	1,194,615	1,163,776	1,133,683	1,095,779	1,058,522	995,059	937,791	884,636	847,133	829,928	806,367	782,281	747,590	710,477	671,436	592,287	560,412	538,777	527,203	556,295
Gross profit margin		62.78%	62.41%	62.07%	64.81%	64.49%	63.72%	63.09%	63.17%	63.18%	62.92%	62.85%	62.82%	63.59%	62.53%	61.85%	61.04%	60.34%	63.48%	65.83%	67.60%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $750,022K ÷ $1,194,615K
= 62.78%

The gross profit margin of Penumbra Inc has exhibited fluctuations over the period from March 31, 2020, to December 31, 2024. It started at a relatively high level of 67.60% in March 2020, steadily decreased to its lowest point of 60.34% by December 2020, then gradually increased again. In the most recent period ending December 31, 2024, the gross profit margin stood at 62.78%.

Overall, the gross profit margin trend indicates some volatility but has shown a general upward trajectory in recent periods. This suggests that the company may have implemented strategies to improve its cost management or generate higher revenues relative to its cost of goods sold. Further analysis and comparison with industry benchmarks could provide insights into the effectiveness of Penumbra Inc's efforts to maintain and enhance its gross profit margin performance.