Insulet Corporation (PODD)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,445,700	1,159,900	805,600	752,100	582,300
Revenue	US$ in thousands	2,071,600	1,697,100	1,305,300	1,098,800	904,400
Gross profit margin		69.79%	68.35%	61.72%	68.45%	64.39%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,445,700K ÷ $2,071,600K
= 69.79%

Insulet Corporation's gross profit margin has shown fluctuations over the past five years. The margin increased from 64.39% as of December 31, 2020, to 68.45% as of December 31, 2021, indicating an improvement in the company's ability to generate profits from its revenue after accounting for direct costs.

However, there was a decline in the gross profit margin in the subsequent year, dropping to 61.72% as of December 31, 2022. This decrease may suggest challenges in managing production costs or pricing strategies during that period.

The trend reversed in the following years, with the gross profit margin rebounding to 68.35% as of December 31, 2023, and further increasing to 69.79% as of December 31, 2024. These improvements indicate enhanced efficiency in production and potentially better pricing strategies, leading to higher profitability for the company.

Overall, the trend in Insulet Corporation's gross profit margin demonstrates a mix of fluctuations and improvements, highlighting the company's efforts to effectively manage costs and optimize its revenue-generation processes over the analyzed period.