Repligen Corporation (RGEN)

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	305,669	288,823	247,893	258,982	284,842	313,297	390,966	432,477	455,706	464,117	452,611	432,208	391,254	347,266	298,979	248,608	209,626	188,494	172,080	161,465
Revenue (ttm)	US$ in thousands	627,837	616,033	602,354	607,450	638,764	669,783	729,332	777,796	801,536	801,295	778,770	734,097	670,534	592,661	508,505	433,007	366,260	327,086	302,471	285,701
Gross profit margin		48.69%	46.88%	41.15%	42.63%	44.59%	46.78%	53.61%	55.60%	56.85%	57.92%	58.12%	58.88%	58.35%	58.59%	58.80%	57.41%	57.23%	57.63%	56.89%	56.52%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $305,669K ÷ $627,837K
= 48.69%

The gross profit margin of Repligen Corporation has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates that the company experienced relatively stable gross profit margins in the range of mid-50% to high-50% till September 30, 2022. From the fourth quarter of 2022 onwards, there was a noticeable decline in gross profit margin, dropping to 41.15% by June 30, 2024, which may indicate increased costs of goods sold relative to revenue during this period.

However, there was a slight recovery in the gross profit margin, rising to 48.69% by December 31, 2024. It is essential to further investigate the factors contributing to the fluctuations in the gross profit margin, such as changes in pricing strategies, cost structures, or shifts in sales mix, to assess the overall profitability and operational efficiency of Repligen Corporation.