ANGI Homeservices Inc (ANGI)
Gross profit margin
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,067,539 | 1,103,685 | 1,111,272 | 1,172,403 | 1,214,827 | 1,296,149 | 1,376,185 | 1,422,064 | 1,466,669 | 1,453,464 | 1,427,126 | 1,400,245 | 1,363,518 | 1,359,558 | 1,355,127 | 1,334,689 | 1,317,424 | 1,294,644 | 1,295,160 | 1,297,546 |
| Revenue (ttm) | US$ in thousands | 1,125,635 | 1,185,112 | 1,217,676 | 1,292,794 | 1,352,728 | 1,439,745 | 1,580,858 | 1,707,057 | 1,847,771 | 1,891,523 | 1,865,833 | 1,829,362 | 1,734,568 | 1,685,438 | 1,628,883 | 1,557,231 | 1,511,304 | 1,467,925 | 1,430,132 | 1,397,577 |
| Gross profit margin | 94.84% | 93.13% | 91.26% | 90.69% | 89.81% | 90.03% | 87.05% | 83.31% | 79.38% | 76.84% | 76.49% | 76.54% | 78.61% | 80.66% | 83.19% | 85.71% | 87.17% | 88.20% | 90.56% | 92.84% |
March 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,067,539K ÷ $1,125,635K
= 94.84%
The gross profit margin of ANGI Homeservices Inc. exhibits a significant downward trend from June 2020 through the first quarter of 2023. During this period, the margin declines from a high of 92.84% in June 2020 to a low of approximately 76.49% in September 2022. This indicates a gradual erosion in gross profitability, potentially attributable to increased cost of sales, rising operating costs, or strategic shifts impacting gross margins.
However, beginning in the fourth quarter of 2022, a notable reversal occurs, with gross profit margins showing a consistent upward trajectory. The margin increases from 76.84% at the end of 2022 to reach approximately 94.84% by March 2025. This recovery suggests improvements in cost efficiencies, favorable pricing strategies, or a shift in revenue mix favoring higher-margin services or products.
Overall, the pattern reflects a period of margin compression in the initial years, followed by a sustained expansion in gross profit margins over the subsequent year and a half. The recent figures nearing above 90% mark indicate a strong and improving gross profitability position.
Peer comparison
Mar 31, 2025