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Gross Profit Over Time
Trending lower, below historical average, structural decline.
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Revenue minus cost of goods sold

Latest
$4.82B
↓ 52% below average
Average (9y)
$9.98B
Historical baseline
Range
High:$16.32B
Low:$4.82B
CAGR
-12.7%
Structural decline
PeriodValueChange
2024$4.82B-15.8%
2023$5.73B-16.8%
2022$6.88B-5.2%
2021$7.26B+12.2%
2020$6.47B-35.0%
2019$9.95B-26.3%
2018$13.49B-5.4%
2017$14.26B-2.4%
2016$14.60B-10.5%
2015$16.32B-