Under Armour Inc C (UA)

Gross profit margin

		Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 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	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	2,630,253	2,636,150	2,662,435	2,627,746	2,646,448	2,816,888	2,908,068	2,863,055	2,861,499	2,779,188	2,677,404	2,357,752	2,160,095	2,148,000	2,151,578	2,356,730	2,470,533	2,414,233	2,389,542	2,361,805
Revenue (ttm)	US$ in thousands	5,701,870	5,768,270	5,863,720	5,870,930	5,903,030	6,033,630	5,997,670	5,775,320	5,683,460	5,558,030	5,445,520	4,801,630	4,474,670	4,512,120	4,508,560	4,992,650	5,267,130	5,215,890	5,229,410	5,212,540
Gross profit margin		46.13%	45.70%	45.41%	44.76%	44.83%	46.69%	48.49%	49.57%	50.35%	50.00%	49.17%	49.10%	48.27%	47.61%	47.72%	47.20%	46.90%	46.29%	45.69%	45.31%

March 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,630,253K ÷ $5,701,870K
= 46.13%

The gross profit margin of Under Armour Inc C has shown some fluctuations over the periods analyzed. From December 2019 to March 2024, the gross profit margin ranged between 44.76% and 50.35%. The highest gross profit margin of 50.35% was observed in December 2021, while the lowest of 44.76% was recorded in June 2023.

Overall, the trend indicates a general stability in the gross profit margin over the past few years, with minor variations. This suggests that Under Armour Inc C has been able to maintain a relatively consistent level of profitability from its core operations during this period.