Appfolio Inc (APPF)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 146,580 | 50,785 | 81,228 | 266,011 | 61,410 |
| Revenue | US$ in thousands | 627,476 | 477,223 | 360,251 | 495,865 | 254,358 |
| Gross profit margin | 23.36% | 10.64% | 22.55% | 53.65% | 24.14% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $146,580K ÷ $627,476K
= 23.36%
Appfolio Inc's gross profit margin has shown fluctuations over the past five years. In 2020, the company achieved a high gross profit margin of 53.65%, indicating strong profitability in that year. However, there was a significant decline in 2022, with the gross profit margin dropping to 10.64%.
In 2021 and 2019, the company's gross profit margins were 22.55% and 24.14%, respectively, showing moderate levels of profitability. The most recent data for 2023 reflects a gross profit margin of 23.36%, which indicates a slight improvement compared to the previous year but remains below the levels seen in 2019 and 2020.
Overall, Appfolio Inc's gross profit margin has experienced fluctuations, suggesting varying levels of efficiency in generating profits from sales over the analyzed period. Further analysis of the company's cost structure and pricing strategies may provide insights into the factors driving these changes in profitability.
Peer comparison
Dec 31, 2023