Procter & Gamble Company (PG)
Gross profit margin
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 43,120,000 | 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 |
| Revenue (ttm) | US$ in thousands | 84,284,000 | 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 |
| Gross profit margin | 51.16% | 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% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $43,120,000K ÷ $84,284,000K
= 51.16%
The gross profit margin of Procter & Gamble Company has exhibited notable fluctuations over the analyzed period from September 2020 through June 2025. Initially, in September 2020, the margin stood at approximately 50.78%, reflecting the company's ability to retain a significant portion of revenue after cost of goods sold (COGS). Throughout 2020 and early 2021, the gross profit margin demonstrated a gradual upward trend, reaching a peak of approximately 51.57% in March 2021. The margin then experienced a slight decline, dipping to around 50.31% in September 2021 and further decreasing toward the end of 2022, reaching a low of approximately 46.60% in December 2022.
From the beginning of 2023, a gradual recovery in the gross profit margin became evident. The margin increased again, surpassing previous levels to approximately 50.36% at the end of 2023. This upward trajectory continued into 2024, with the margin reaching approximately 51.09% in March 2024, and further stabilizing around 51.41% in September 2024. The most recent data points indicate sustained stability, with the margin oscillating narrowly around 51.16%-51.39% up through June 2025.
Overall, the gross profit margin for Procter & Gamble has shown periods of decline and recovery within this timeframe, but in recent periods, it has stabilized at higher levels compared to the lows observed during late 2022. These fluctuations may reflect variations in cost control, pricing strategies, product mix, and macroeconomic factors impacting production costs and pricing power, but the recent trend suggests an improvement in profitability and effective management of gross margins.
See also:
Procter & Gamble Company Gross Profit Margin (Quarterly Data)