Perrigo Company PLC (PRGO)
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 | 1,543,400 | 1,584,800 | 1,591,600 | 1,624,600 | 1,680,300 | 1,635,600 | 1,587,300 | 1,531,400 | 1,455,400 | 1,435,200 | 1,408,700 | 1,385,600 | 1,416,200 | 1,523,000 | 1,614,700 | 1,700,400 | 1,815,200 | 1,826,800 | 1,811,500 | 1,807,600 |
| Revenue (ttm) | US$ in thousands | 4,373,800 | 4,392,400 | 4,428,700 | 4,556,100 | 4,655,500 | 4,653,900 | 4,630,300 | 4,558,900 | 4,451,700 | 4,401,300 | 4,343,800 | 4,203,200 | 4,138,700 | 4,323,300 | 4,494,300 | 4,732,300 | 5,063,300 | 5,096,600 | 5,074,000 | 5,003,900 |
| Gross profit margin | 35.29% | 36.08% | 35.94% | 35.66% | 36.09% | 35.14% | 34.28% | 33.59% | 32.69% | 32.61% | 32.43% | 32.97% | 34.22% | 35.23% | 35.93% | 35.93% | 35.85% | 35.84% | 35.70% | 36.12% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,543,400K ÷ $4,373,800K
= 35.29%
The gross profit margin of Perrigo Company PLC has shown fluctuations over the past few years. It started at 36.12% in March 2020, decreased slightly by June 2020 to 35.70%, and then increased to 35.84% in September 2020. However, by December 2020, it remained relatively stable at 35.85%.
During the first half of 2021, the gross profit margin continued to be consistent around 35.93%. However, a slight decline was observed by September 2021, with the margin dropping to 35.23%. This decreasing trend continued into December 2021, reaching 34.22%.
The margin further declined over the next few quarters, dropping to 32.97% by March 2022 and continuing to decrease to 32.43% by June 2022. In September 2022, there was a slight increase to 32.61%, followed by a further increase to 32.69% by December 2022.
The trend reversed in 2023, with the gross profit margin increasing to 33.59% by March and further to 34.28% by June. This increasing trend continued with a margin of 35.14% in September and 36.09% by December 2023.
The positive trend persisted into 2024, with the gross profit margin ranging between 35.66% to 36.08% through September 2024. However, by December 2024, the margin decreased to 35.29%.
Overall, Perrigo Company PLC's gross profit margin has experienced fluctuations over the reviewed period, showing a mix of upward and downward trends. Further analysis of the company's financial performance and business operations may be warranted to assess the factors contributing to these changes in the gross profit margin.
Peer comparison
Dec 31, 2024