Blackline Inc (BL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 443,203 | 393,553 | 327,835 | 282,765 | 230,001 |
| Revenue | US$ in thousands | 583,245 | 518,558 | 355,637 | 328,649 | 280,261 |
| Gross profit margin | 75.99% | 75.89% | 92.18% | 86.04% | 82.07% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $443,203K ÷ $583,245K
= 75.99%
Blackline Inc's gross profit margin has displayed fluctuations over the past five years. In 2021, the company reported a significantly high gross profit margin of 92.18%, indicating that Blackline effectively managed its production costs relative to its revenue. However, in 2020 and 2019, the gross profit margin was slightly lower at 86.04% and 82.07% respectively, suggesting a decrease in profitability efficiency during those periods.
The stability and relatively high levels of gross profit margin in 2022 and 2023, at 75.89% and 75.99% respectively, demonstrate Blackline's ability to maintain healthy profitability despite potential challenges. Overall, while there have been fluctuations in the gross profit margin, Blackline Inc has generally shown solid control over its production costs in recent years.
Peer comparison
Dec 31, 2023