Addus HomeCare Corporation (ADUS)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	375,021	339,876	299,739	269,848	226,237
Revenue	US$ in thousands	1,160,600	1,051,790	943,505	859,640	762,533
Gross profit margin		32.31%	32.31%	31.77%	31.39%	29.67%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $375,021K ÷ $1,160,600K
= 32.31%

The gross profit margin of Addus HomeCare Corporation has shown a consistent upward trend over the past five years, increasing from 29.67% as of December 31, 2020, to 32.31% as of both December 31, 2024 and December 31, 2023. This improvement indicates that the company has been effectively managing its cost of goods sold in relation to its sales revenue. A higher gross profit margin typically signifies that the company is able to generate more profit from each dollar of sales after accounting for the direct costs associated with producing the goods or services. Overall, the steady growth in the gross profit margin reflects positively on Addus HomeCare Corporation's operational efficiency and potential profitability.