diff --git a/netbox/ipam/models/ip.py b/netbox/ipam/models/ip.py
index 81c3ef34a..8369b3c58 100644
--- a/netbox/ipam/models/ip.py
+++ b/netbox/ipam/models/ip.py
@@ -248,9 +248,9 @@ class Aggregate(GetAvailablePrefixesMixin, PrimaryModel):
         """
         queryset = Prefix.objects.filter(prefix__net_contained_or_equal=str(self.prefix))
         child_prefixes = netaddr.IPSet([p.prefix for p in queryset])
-        utilization = int(float(child_prefixes.size) / self.prefix.size * 100)
+        utilization = float(child_prefixes.size) / self.prefix.size * 100
 
-        return min(utilization, 100)
+        return utilization
 
 
 @extras_features('custom_fields', 'custom_links', 'export_templates', 'tags', 'webhooks')
@@ -548,7 +548,7 @@ class Prefix(GetAvailablePrefixesMixin, PrimaryModel):
                 vrf=self.vrf
             )
             child_prefixes = netaddr.IPSet([p.prefix for p in queryset])
-            utilization = int(float(child_prefixes.size) / self.prefix.size * 100)
+            utilization = float(child_prefixes.size) / self.prefix.size * 100
         else:
             # Compile an IPSet to avoid counting duplicate IPs
             child_ips = netaddr.IPSet(
@@ -558,9 +558,9 @@ class Prefix(GetAvailablePrefixesMixin, PrimaryModel):
             prefix_size = self.prefix.size
             if self.prefix.version == 4 and self.prefix.prefixlen < 31 and not self.is_pool:
                 prefix_size -= 2
-            utilization = int(float(child_ips.size) / prefix_size * 100)
+            utilization = float(child_ips.size) / prefix_size * 100
 
-        return min(utilization, 100)
+        return utilization
 
 
 @extras_features('custom_fields', 'custom_links', 'export_templates', 'tags', 'webhooks')
diff --git a/netbox/utilities/templates/helpers/utilization_graph.html b/netbox/utilities/templates/helpers/utilization_graph.html
index 04b0391bf..1d6bc44d6 100644
--- a/netbox/utilities/templates/helpers/utilization_graph.html
+++ b/netbox/utilities/templates/helpers/utilization_graph.html
@@ -9,7 +9,7 @@
       aria-valuemin="0"
       aria-valuemax="100"
       aria-valuenow="{{ utilization }}"
-      {% if is_full_danger %}
+      {% if utilization == 100 %}
       class="progress-bar"
       style="width: {{ utilization }}%; background-color: #800080;"
       {% else %}
@@ -17,10 +17,10 @@
       style="width: {{ utilization }}%;"
       {% endif %}
     >
-      {% if utilization >= 25 %}{{ utilization }}%{% endif %}
+      {% if utilization >= 25 %}{{ utilization|floatformat:-2 }}%{% endif %}
     </div>
     {% if utilization < 25 %}
-      <span class="ps-1">{{ utilization }}%</span>
+      <span class="ps-1">{{ utilization|floatformat:-2 }}%</span>
     {% endif %}
   </div>
-{% endif %}
\ No newline at end of file
+{% endif %}
diff --git a/netbox/utilities/templatetags/helpers.py b/netbox/utilities/templatetags/helpers.py
index cfba03b87..0e45cb581 100644
--- a/netbox/utilities/templatetags/helpers.py
+++ b/netbox/utilities/templatetags/helpers.py
@@ -389,9 +389,6 @@ def utilization_graph(utilization, warning_threshold=75, danger_threshold=90):
     """
     Display a horizontal bar graph indicating a percentage of utilization.
     """
-    is_full_danger = False
-    if utilization == 100:
-        is_full_danger = True
     if danger_threshold and utilization >= danger_threshold:
         bar_class = 'bg-danger'
     elif warning_threshold and utilization >= warning_threshold:
@@ -400,11 +397,9 @@ def utilization_graph(utilization, warning_threshold=75, danger_threshold=90):
         bar_class = 'bg-success'
     else:
         bar_class = 'bg-gray'
-        is_full_danger = False
     return {
         'utilization': utilization,
         'bar_class': bar_class,
-        'is_full_danger': is_full_danger,
     }