ANGI Homeservices Inc (ANGI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,127,530 | 1,296,200 | 1,453,460 | 1,359,560 | 1,294,640 |
| Revenue | US$ in thousands | 1,185,110 | 1,358,750 | 1,891,520 | 1,685,440 | 1,467,920 |
| Gross profit margin | 95.14% | 95.40% | 76.84% | 80.66% | 88.20% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,127,530K ÷ $1,185,110K
= 95.14%
The gross profit margin of ANGI Homeservices Inc has exhibited notable fluctuations over the period from December 31, 2020, to December 31, 2024. Initially, the gross profit margin stood at 88.20% as of December 31, 2020. It subsequently declined to 80.66% by December 31, 2021, and further decreased to 76.84% at the end of 2022. This downward trend indicates a reduction in gross profitability, which could be attributable to increasing cost of goods sold or changes in revenue recognition during that period.
However, a significant positive shift is observed in the period leading up to December 31, 2023, where the gross profit margin sharply increased to 95.40%. This indicates a substantial improvement in gross profitability, surpassing earlier levels and approaching near-record margins. The margin remained relatively stable with a slight decrease to 95.14% by December 31, 2024, suggesting sustained gross profitability with minimal erosion.
Overall, the data indicate that although the company experienced a period of margin compression in the early years, it subsequently achieved a notable recovery and improvement in gross profit margin by the end of 2023, maintaining that high level through 2024. The sharp increase around 2023 could be driven by factors such as operational efficiency, favorable product/service mix, or cost control measures, contributing to nearly doubling gross margins compared to 2022 levels.
Peer comparison
Dec 31, 2024