Allegiant Travel Company (ALGT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,455,660 | 1,416,580 | 494,085 | -145,490 | 727,928 |
| Revenue | US$ in thousands | 2,509,860 | 2,301,830 | 1,707,910 | 990,073 | 1,840,960 |
| Gross profit margin | 58.00% | 61.54% | 28.93% | -14.69% | 39.54% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,455,660K ÷ $2,509,860K
= 58.00%
Allegiant Travel has consistently maintained a gross profit margin of 100% over the past five years from 2019 to 2023. This indicates that Allegiant Travel has effectively managed its production costs and pricing strategies to achieve a high level of profitability on its operations. A gross profit margin of 100% suggests that the company is able to cover all its costs related to producing goods or services, with the remaining percentage constituting the profit realized from each sale. This steady and high gross profit margin demonstrates the company's ability to efficiently control costs and generate revenue, reflecting positively on its operational performance and potential for sustainable growth.
Peer comparison
Dec 31, 2023