Solventum Corp. (SOLV)
Gross profit margin
| Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | ||
|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 4,604,000 | 4,594,000 | 4,588,000 | 4,584,000 | 4,639,500 |
| Revenue (ttm) | US$ in thousands | 8,208,500 | 8,236,000 | 8,146,000 | 8,101,000 | 8,115,500 |
| Gross profit margin | 56.09% | 55.78% | 56.32% | 56.59% | 57.17% |
March 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $4,604,000K ÷ $8,208,500K
= 56.09%
Solventum Corp.'s gross profit margin has shown relative stability over the past five quarters, ranging between 55.78% to 57.17%. This indicates that the company has been able to effectively manage its cost of goods sold in relation to its revenue during this period. The slight fluctuations in the gross profit margin suggest that Solventum has been able to maintain a healthy level of profitability in its operations. It is important to continue monitoring this ratio to ensure that the company's pricing strategy, cost control measures, and overall efficiency remain consistent in driving profitability.
Peer comparison
Mar 31, 2024