Passat annual gross margin
2020
2021
2022
2023
2024
Passat Gross Margin Growth & History (PSAT)
Passat's gross margin was 59.59% for fiscal 2024.
View full Passat company overviewPassat annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2024 | 2024-12-31 | 59.59% | +1.94 pp |
| 2023 | 2023-12-31 | 57.65% | +1.34 pp |
| 2022 | 2022-12-31 | 56.31% | −0.66 pp |
| 2021 | 2021-12-31 | 56.97% | −0.55 pp |
| 2020 | 2020-12-31 | 57.52% | — |
Passat gross margin trends
Between the periods ended 2020-12-31 and 2024-12-31, Passat's gross margin increased from 57.52% to 59.59%, a change of +2.07 percentage points.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as reported gross profit divided by reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
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