Astrana Health Inc (ASTH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 271,388 | 214,958 | 199,478 | 177,773 | 21,705 |
| Revenue | US$ in thousands | 2,034,540 | 1,386,660 | 1,144,160 | 773,915 | 370,248 |
| Gross profit margin | 13.34% | 15.50% | 17.43% | 22.97% | 5.86% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $271,388K ÷ $2,034,540K
= 13.34%
Based on the data provided, Astrana Health Inc's gross profit margin has shown fluctuations over the years. In 2020, the gross profit margin was relatively low at 5.86%, indicating that the company was retaining only a small portion of its revenue after accounting for the cost of goods sold.
However, there was a significant improvement in the gross profit margin in 2021, reaching 22.97%. This substantial increase suggests that Astrana Health was able to effectively control its production costs or increase its pricing strategy, resulting in a higher percentage of revenue retained as gross profit.
In the following years, the gross profit margin continued to decline gradually. By the end of 2024, the gross profit margin had decreased to 13.34%. This decline may indicate increasing costs or pricing pressures that impacted the company's ability to maintain higher profitability levels.
Overall, Astrana Health's gross profit margin trend reflects varying levels of efficiency in managing production costs and pricing strategies, highlighting the importance of closely monitoring these factors to sustain and enhance profitability in the long term.
Peer comparison
Dec 31, 2024