Penumbra Inc (PEN)

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 682,643 634,078 591,687 558,861 535,207 522,227 506,812 491,463 475,382 444,248 415,259 361,503 338,175 341,990 347,065 376,063 371,964 352,548 331,562 309,886
Revenue (ttm) US$ in thousands 1,058,522 995,059 937,791 884,636 847,133 829,928 806,367 782,281 747,590 710,477 671,436 592,287 560,412 538,777 527,203 556,295 547,405 522,935 495,239 470,676
Gross profit margin 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% 67.95% 67.42% 66.95% 65.84%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $682,643K ÷ $1,058,522K
= 64.49%

Penumbra Inc's gross profit margin has shown a relatively stable trend over the past eight quarters, ranging from 62.82% to 64.49%. The company has maintained a healthy level of gross profit margin, indicating its ability to effectively manage production costs and generate profits from sales. This consistent performance suggests that Penumbra Inc has a strong pricing strategy and efficient cost controls in place. Overall, the company's gross profit margin reflects its operational efficiency and profitability in generating revenue after accounting for the cost of goods sold.