Blackline Inc (BL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 491,371 | 443,203 | 393,553 | 327,835 | 282,765 |
| Revenue | US$ in thousands | 653,336 | 589,996 | 522,938 | 425,706 | 351,737 |
| Gross profit margin | 75.21% | 75.12% | 75.26% | 77.01% | 80.39% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $491,371K ÷ $653,336K
= 75.21%
Based on the data provided, the gross profit margin of Blackline Inc has shown a slight decline over the years. In December 31, 2020, the gross profit margin was recorded at 80.39%, indicating that for every dollar of sales revenue, the company generated $0.80 in gross profit.
Subsequently, the gross profit margin decreased to 77.01% by December 31, 2021, and continued to trend downwards to 75.26% by December 31, 2022. By December 31, 2023, the gross profit margin decreased slightly to 75.12%, before recovering slightly to 75.21% by December 31, 2024.
The declining trend in the gross profit margin may indicate several factors such as an increase in the cost of goods sold relative to sales revenue, pricing pressures, or inefficiencies in production processes. It is essential for Blackline Inc to closely monitor and address these factors to maintain and improve its profitability levels in the future.
Peer comparison
Dec 31, 2024