Power Integrations Inc (POWI)

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 228,956 250,102 276,192 320,189 366,907 392,729 392,433 376,903 360,639 341,468 309,298 271,521 243,590 227,810 226,372 224,408 213,402 203,182 202,056 206,718
Revenue (ttm) US$ in thousands 444,538 479,801 514,523 575,286 651,138 699,022 715,565 711,689 703,277 681,316 625,669 552,391 488,318 452,082 445,112 441,145 420,669 399,519 395,445 402,062
Gross profit margin 51.50% 52.13% 53.68% 55.66% 56.35% 56.18% 54.84% 52.96% 51.28% 50.12% 49.43% 49.15% 49.88% 50.39% 50.86% 50.87% 50.73% 50.86% 51.10% 51.41%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $228,956K ÷ $444,538K
= 51.50%

The gross profit margin of Power Integrations Inc. has exhibited a downward trend over the past eight quarters. The margin has decreased from 56.35% in Q4 2022 to 51.50% in Q4 2023. This indicates a declining profitability in terms of generating revenue after accounting for the cost of goods sold. While the company's gross profit margin fluctuated slightly quarter to quarter, the overall trend suggests a potential strain on the company's ability to maintain strong margins. It would be advisable for stakeholders to monitor this trend closely and investigate the factors influencing the decline to ensure sustainable profitability in the future.


Peer comparison

Dec 31, 2023