Procter & Gamble Company (PG)
Gross profit margin
| Mar 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 43,046,000 | 43,304,000 | 43,137,000 | 43,191,000 | 42,947,000 | 42,271,000 | 40,850,000 | 39,246,000 | 38,019,000 | 37,410,000 | 37,823,000 | 38,030,000 | 38,472,000 | 38,604,000 | 38,807,000 | 39,010,000 | 38,611,000 | 37,922,000 | 36,801,000 | 35,700,000 |
| Revenue (ttm) | US$ in thousands | 83,927,000 | 84,346,000 | 83,905,000 | 84,039,000 | 84,060,000 | 83,933,000 | 83,265,000 | 82,006,000 | 80,968,000 | 80,281,000 | 80,461,000 | 80,187,000 | 79,618,000 | 78,346,000 | 77,138,000 | 76,118,000 | 74,870,000 | 73,975,000 | 72,470,000 | 70,950,000 |
| Gross profit margin | 51.29% | 51.34% | 51.41% | 51.39% | 51.09% | 50.36% | 49.06% | 47.86% | 46.96% | 46.60% | 47.01% | 47.43% | 48.32% | 49.27% | 50.31% | 51.25% | 51.57% | 51.26% | 50.78% | 50.32% |
March 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $43,046,000K ÷ $83,927,000K
= 51.29%
The gross profit margin for Procter & Gamble has exhibited notable fluctuations over the observed period from June 30, 2020, through March 31, 2025. Initially, the margin increased from 50.32% in June 2020 to a peak of approximately 51.57% in March 2021, indicating an improvement in the company’s ability to generate gross profit relative to net sales. Following this peak, a gradual decline is observed, with the margin decreasing to approximately 46.60% by the end of 2022, reflecting potential pressures such as rising costs, competitive pricing strategies, or changes in product mix.
However, starting in early 2023, the gross profit margin demonstrates a reversal of the downward trend, gradually recovering to approximately 51.41% by September 2024, and stabilizing around 51.29% to 51.39% into the first quarter of 2025. This upward trend suggests improvements in cost management, pricing strategies, or product mix adjustments, allowing for a healthier profitability profile.
Overall, while there was a period of decline in gross profit margins between mid-2021 and late 2022, recent data indicates a strengthening of this metric, approaching and slightly exceeding prior higher levels. Such activity may reflect operational efficiencies or favorable market conditions that have positively impacted the company's gross profitability in recent periods.
See also:
Procter & Gamble Company Gross Profit Margin (Quarterly Data)