ResMed Inc (RMD)

Gross profit margin

		Mar 31, 2025	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
Gross profit (ttm)	US$ in thousands	2,939,167	2,854,336	2,749,995	2,632,836	2,545,957	2,482,132	2,414,913	2,355,663	2,260,783	2,134,228	2,058,831	2,024,310	1,992,500	1,948,561	1,906,726	1,839,098	1,797,774	1,800,178	1,764,825	1,731,219
Revenue (ttm)	US$ in thousands	5,021,540	4,926,780	4,807,490	4,546,017	4,444,877	4,364,797	4,235,737	4,222,994	4,015,671	3,763,271	3,624,405	3,578,126	3,539,492	3,443,759	3,348,896	3,196,825	3,091,065	3,091,753	3,027,899	2,957,011
Gross profit margin		58.53%	57.94%	57.20%	57.92%	57.28%	56.87%	57.01%	55.78%	56.30%	56.71%	56.80%	56.57%	56.29%	56.58%	56.94%	57.53%	58.16%	58.23%	58.29%	58.55%

March 31, 2025 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,939,167K ÷ $5,021,540K
= 58.53%

The gross profit margin of ResMed Inc. has displayed a generally stable trend over the specified period, with fluctuations within a narrow range. Starting from approximately 58.55% as of June 30, 2020, the margin experienced slight declines throughout the subsequent quarters, reaching a low point of approximately 55.78% on June 30, 2023. This declining trajectory persisted despite minor recoveries, such as the marginal increase to 57.01% on September 30, 2023.

In recent periods, there has been a modest upward trend, culminating in a gross profit margin of approximately 57.94% as of December 31, 2024, and further rising to roughly 58.53% by March 31, 2025. The overall pattern indicates resilience in gross profitability with subtle downward pressure over the long term, followed by a gradual recovery in the most recent quarters.

The observed fluctuations suggest that while ResMed has maintained a relatively high gross profit margin, there have been some variations possibly attributable to changes in cost structure, product mix, or pricing strategies. The short-term dips and subsequent recoveries reflect typical industry dynamics and internal operational factors. Overall, the gross profit margin remains indicative of a profitable company's ability to control production costs relative to revenue, with a cautiously optimistic outlook based on the recent upward movement.