Insulet Corporation (PODD)

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	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	526,600	500,500	480,300	456,500	435,400	401,100
Revenue (ttm)	US$ in thousands	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	1,069,800	1,016,800	968,800	904,400	835,100	788,794	743,088	704,628	660,135	628,071	575,549
Gross profit margin		68.35%	65.25%	62.18%	61.14%	61.72%	64.47%	68.07%	69.56%	68.45%	65.43%	65.21%	64.30%	64.39%	66.50%	66.76%	67.35%	68.16%	69.15%	69.32%	69.69%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,159,900K ÷ $1,697,100K
= 68.35%

Insulet Corporation's gross profit margin has exhibited fluctuations over the past eight quarters. The trend shows an overall increase from Q1 2022 to Q2 2022, reaching a peak of 69.56%. However, the margin began to decline in subsequent quarters, with a significant drop in Q4 2022. The company managed to improve the margin in Q3 2023, which was the highest since Q4 2022. Despite the improvement, the margin remains volatile, reflecting potential challenges in managing production costs or pricing strategies. Further analysis and monitoring of the factors affecting the gross profit margin are recommended to ensure sustainable profitability for Insulet Corporation.