Chemung Financial (CHMG) Gross Margin (2017 - 2023)

Chemung Financial (CHMG) has 7 years of Gross Margin data on file, last reported at 74.2% in Q2 2023.

• On a quarterly basis, Gross Margin changed N/A year-over-year to 74.2% in Q2 2023; TTM through Jun 2023 was 77.04%, a 502.0% decrease from a year earlier, with the FY2022 full-year figure at 73.57%, up 7300.0% from the prior year.
• Gross Margin for Q2 2023 stood at 74.2%, down from 79.23% in the prior quarter.
• Over the last five years, Gross Margin for CHMG reached as high as 345.1% in Q4 2020 and fell as low as 22.22% in Q2 2020.
• Historically, Gross Margin has averaged 101.56% across 5 years, with a median of 87.77% in 2019.
• Across the five-year window, Gross Margin surged 23746 bps in 2020 and plunged 27549 bps in 2021, its largest moves.
• Year by year, Gross Margin stood at 107.64% in 2019, then surged by 221 bps to 345.1% in 2020, then tumbled by 80 bps to 69.61% in 2021, then increased by 14 bps to 79.23% in 2022, then declined by 6 bps to 74.2% in 2023.
• Per Business Quant data, the three most recent Gross Margin figures were 74.2% in Q2 2023, 79.23% in Q4 2022, and 94.32% in Q3 2022.