Bio-Techne Corp (TECH)
Gross profit margin
| Jun 30, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 790,271 | 796,334 | 787,024 | 769,725 | 771,899 | 771,721 | 768,637 | 775,410 | 769,814 | 765,468 | 764,764 | 765,095 | 756,497 | 732,091 | 698,907 | 666,116 | 632,850 | 570,219 | 532,008 | 502,511 |
| Revenue (ttm) | US$ in thousands | 1,219,634 | 1,208,768 | 1,196,015 | 1,171,582 | 1,159,059 | 1,154,281 | 1,144,999 | 1,143,982 | 1,136,702 | 1,123,611 | 1,119,841 | 1,117,536 | 1,105,600 | 1,076,399 | 1,029,575 | 984,552 | 931,032 | 847,838 | 798,966 | 759,647 |
| Gross profit margin | 64.80% | 65.88% | 65.80% | 65.70% | 66.60% | 66.86% | 67.13% | 67.78% | 67.72% | 68.13% | 68.29% | 68.46% | 68.42% | 68.01% | 67.88% | 67.66% | 67.97% | 67.26% | 66.59% | 66.15% |
June 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $790,271K ÷ $1,219,634K
= 64.80%
The gross profit margin of Bio-Techne Corp demonstrates a generally stable trend over the analyzed period, with slight fluctuations. Starting at 66.15% as of September 30, 2020, the margin exhibits a gradual upward trajectory, reaching a peak of approximately 68.46% by September 30, 2022. Subsequent quarters reflect marginal declines, with the margin decreasing to around 65.88% by March 31, 2025.
The period from late 2020 through 2022 indicates an improvement in gross profit margin, suggesting enhanced cost management or favorable pricing strategies, which resulted in higher gross profitability relative to net sales. Post-2022, the margins show signs of compression, trending downward in recent years, potentially indicating increased cost pressures, pricing pressures, or changes in product mix.
The downward movement in the most recent quarters, with the margin reaching approximately 64.80% by June 30, 2025, may warrant attention regarding margin sustainability amidst rising costs or competitive pressures. Overall, while the gross profit margin has maintained a relatively high and stable level, the declining trend in recent periods suggests a potential challenge to maintaining prior profitability levels in the face of evolving market dynamics.
Peer comparison
Jun 30, 2025