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.

• Gross Margin for Q2 2023 came in at 74.2%, down 3218.0% year-over-year; the trailing twelve-month figure through Jun 2023 was 57.74% (down 7602.0% YoY), and the FY2023 annual result was 5.23%, up 3696.0% from the prior year.
• Gross Margin grew to 74.2% in Q2 2023 per CHMG's latest filing, from 4.26% in the prior quarter.
• Over five years, Gross Margin peaked at 187.96% in Q2 2019 and troughed at 4.26% in Q4 2022.
• A 5-year average of 86.95% and a median of 92.2% in 2022 frame the typical range for Gross Margin.
• The sharpest annual moves came in 2019 and 2022: Gross Margin surged 10644 bps in 2019, then plunged 10758 bps in 2022.
• A 5-year view of Gross Margin shows it stood at 187.96% in 2019, then slumped by 40 bps to 112.55% in 2020, then fell by 1 bps to 111.84% in 2021, then slumped by 96 bps to 4.26% in 2022, then jumped by 1641 bps to 74.2% in 2023.
• Business Quant data shows CHMG's Gross Margin at 74.2% in Q2 2023, 4.26% in Q4 2022, and 94.32% in Q3 2022.