Vericel Corp Ord (VCEL)

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 172,107 162,115 151,070 144,410 135,576 125,318 119,943 112,856 109,788 105,571 102,436 106,492 106,025 105,640 106,013 90,457 84,228 79,386 78,090 83,865
Revenue (ttm) US$ in thousands 237,224 226,844 214,520 207,780 197,516 185,214 178,184 169,308 164,365 159,262 155,217 157,690 156,184 153,822 151,574 132,069 124,179 118,340 116,581 122,718
Gross profit margin 72.55% 71.47% 70.42% 69.50% 68.64% 67.66% 67.31% 66.66% 66.80% 66.29% 66.00% 67.53% 67.88% 68.68% 69.94% 68.49% 67.83% 67.08% 66.98% 68.34%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $172,107K ÷ $237,224K
= 72.55%

Vericel Corp Ord's gross profit margin has shown fluctuations over the period from March 31, 2020, to December 31, 2024. The margin started at 68.34% in March 2020, increased to 69.94% in June 2021, and experienced some fluctuations before reaching its peak at 72.55% in December 2024. This indicates an improvement in the company's ability to generate profits from its core operations.

The overall trend shows that the gross profit margin has generally been on an upward trajectory, reflecting potentially more efficient cost management, better pricing strategies, or increased sales volumes. However, some quarters have shown slight decreases, such as in the middle of 2022, suggesting potential challenges in cost control or competitive pressures.

Investors and analysts may view this upward trend positively, as it indicates the company's improving profitability and operational efficiency. It may also suggest that Vericel Corp Ord is becoming more competitive in its industry and potentially gaining market share. Monitoring the gross profit margin trend over time can provide valuable insights into the company's financial health and performance.