Insulet Corporation (PODD)
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 | 1,452,100 | 1,382,400 | 1,298,600 | 1,229,300 | 1,159,900 | 1,016,000 | 911,000 | 836,400 | 805,600 | 801,500 | 801,900 | 794,300 | 752,100 | 700,000 | 663,100 | 622,900 | 582,300 | 555,300 | 526,580 | 500,498 |
| Revenue (ttm) | US$ in thousands | 1,900,300 | 1,812,600 | 1,872,700 | 1,780,700 | 1,697,100 | 1,557,000 | 1,465,100 | 1,368,000 | 1,305,300 | 1,243,300 | 1,178,100 | 1,141,900 | 1,098,800 | 1,037,200 | 995,600 | 958,700 | 904,400 | 867,700 | 825,815 | 776,651 |
| Gross profit margin | 76.41% | 76.27% | 69.34% | 69.03% | 68.35% | 65.25% | 62.18% | 61.14% | 61.72% | 64.47% | 68.07% | 69.56% | 68.45% | 67.49% | 66.60% | 64.97% | 64.39% | 64.00% | 63.76% | 64.44% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,452,100K ÷ $1,900,300K
= 76.41%
Insulet Corporation's gross profit margin has shown fluctuations over the time period from March 31, 2020, to December 31, 2024. The gross profit margin started at 64.44% in March 2020, then slightly decreased to 63.76% in June 2020, and subsequently increased to 64.00% in September 2020. There was a further uptrend in the gross profit margin, reaching 64.39% in December 2020, and continuing to improve in the following quarters.
From March 2021 to June 2021, there was a noticeable increase in the gross profit margin, with a significant jump to 66.60% in June 2021, and a further rise to 67.49% by September 2021. The trend of increasing gross profit margins continued into the end of 2021, reaching 68.45% in December.
In the first half of 2022, the gross profit margin surged to 69.56% in March, before showing a slight decline to 68.07% in June. This decline continued into the third quarter of 2022, with the gross profit margin dropping to 64.47% in September, marking a notable decrease compared to the previous quarters.
The gross profit margin continued to decline in the subsequent quarters, reaching 61.72% in December 2022, and further decreasing to 61.14% in March 2023. However, an uptrend was observed from June 2023 to December 2024, with the gross profit margin gradually increasing to 76.41% by the end of December 2024.
Overall, the trend in Insulet Corporation's gross profit margin shows variability over the analyzed period, with periods of both growth and decline. It is essential for the company to monitor and manage its cost of goods sold and pricing strategies effectively to maintain a healthy and sustainable gross profit margin.
Peer comparison
Dec 31, 2024