Who Generates Higher Gross Profit? Dr. Reddy's Laboratories Limited or BioMarin Pharmaceutical Inc.

Dr. Reddy's vs. BioMarin: A Decade of Profitability

__timestampBioMarin Pharmaceutical Inc.Dr. Reddy's Laboratories Limited
Wednesday, January 1, 201462127600075801000000
Thursday, January 1, 201573788700085403000000
Friday, January 1, 201690723400092281000000
Sunday, January 1, 2017107186000078356000000
Monday, January 1, 2018117594800076304000000
Tuesday, January 1, 2019134458200083430000000
Wednesday, January 1, 2020133618300094009000000
Friday, January 1, 20211375760000103077000000
Saturday, January 1, 20221612370000113840000000
Sunday, January 1, 20231842161000202972000000
Monday, January 1, 20242273680000163607000000
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Unveiling the hidden dimensions of data

A Tale of Two Giants: Gross Profit Comparison

In the competitive world of pharmaceuticals, understanding who leads in profitability can offer valuable insights. Dr. Reddy's Laboratories Limited and BioMarin Pharmaceutical Inc. are two prominent players in this arena. Over the past decade, Dr. Reddy's has consistently outperformed BioMarin in terms of gross profit. In 2023, Dr. Reddy's gross profit was approximately 1100% higher than BioMarin's, showcasing its robust market presence.

Yearly Trends and Insights

From 2014 to 2023, Dr. Reddy's demonstrated a steady upward trend, peaking in 2023 with a gross profit of over 200 billion. In contrast, BioMarin's growth, while positive, was more modest, reaching its highest in 2023 with just under 2 billion. This stark difference highlights Dr. Reddy's strategic advantage and market dominance. However, data for 2024 is incomplete, leaving room for speculation on future trends.

Published by
U.S. Securities and Exchange Commission

Source link
sec.gov

Date published
17 Jan 2025