PTC Inc (PTC)

Gross profit margin

		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	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	1,853,656	1,770,698	1,790,463	1,726,121	1,656,047	1,637,678	1,571,669	1,554,884	1,547,367	1,515,880	1,495,992	1,456,439	1,436,056	1,361,514	1,293,420	1,197,659	1,124,144	1,067,366	1,007,650	941,621
Revenue (ttm)	US$ in thousands	2,232,988	2,118,576	2,106,443	2,036,814	1,972,671	1,913,566	1,856,952	1,849,196	1,844,311	1,850,753	1,824,465	1,780,355	1,753,119	1,670,686	1,580,139	1,458,146	1,384,554	1,327,312	1,278,925	1,229,995
Gross profit margin		83.01%	83.58%	85.00%	84.75%	83.95%	85.58%	84.64%	84.08%	83.90%	81.91%	82.00%	81.81%	81.91%	81.49%	81.85%	82.14%	81.19%	80.42%	78.79%	76.55%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,853,656K ÷ $2,232,988K
= 83.01%

The gross profit margin of PTC Inc has shown a generally positive trend over the past eight quarters, with margins ranging from 76.55% in the fourth quarter of 2019 to 85.00% in the first quarter of 2024. The company's ability to generate gross profit relative to its revenue has improved steadily, reflecting efficient cost management and pricing strategies. Despite some fluctuations, the gross profit margin has consistently remained above 80% in recent quarters, indicating strong operational performance. Moving forward, it will be important for PTC Inc to sustain this trend to ensure continued profitability and financial health.