Viatris Inc (VTRS)

Gross profit margin

		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
Gross profit (ttm)	US$ in thousands	6,438,600	6,116,200	6,173,300	6,268,000	6,497,000	6,769,300	6,595,000	6,219,400	5,575,500	4,735,500	4,319,900	4,017,900	3,978,000
Revenue (ttm)	US$ in thousands	15,426,900	15,465,600	15,601,900	15,800,100	16,262,700	16,728,300	17,186,700	17,647,700	17,886,300	17,168,200	15,603,700	13,757,100	12,518,600
Gross profit margin		41.74%	39.55%	39.57%	39.67%	39.95%	40.47%	38.37%	35.24%	31.17%	27.58%	27.69%	29.21%	31.78%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,438,600K ÷ $15,426,900K
= 41.74%

Viatris Inc's gross profit margin has demonstrated slight fluctuations over the past eight quarters. In Q4 2023, the gross profit margin stood at 41.74%, showing an improvement compared to the previous quarter's 39.55%. This increase indicates a stronger ability to generate profit from sales after accounting for the cost of goods sold. Despite the fluctuations, the company has generally maintained a gross profit margin above 39% over the period, with the highest margin observed in Q4 2022 at 40.47%.

The trend in the gross profit margin suggests that Viatris Inc may be effectively managing its production costs and pricing strategies to protect profitability. However, the variability in the margins also warrants further investigation into the factors influencing the fluctuations, such as changes in product mix, pricing pressures, or cost control measures. Monitoring and analyzing the gross profit margin over time can provide valuable insights into the company's operational efficiency and pricing power.