Certara Inc (CERT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 230,632 | 213,315 | 203,067 | 174,488 | 142,765 |
| Revenue | US$ in thousands | 385,148 | 354,337 | 335,644 | 286,104 | 243,530 |
| Gross profit margin | 59.88% | 60.20% | 60.50% | 60.99% | 58.62% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $230,632K ÷ $385,148K
= 59.88%
Certara Inc's gross profit margin has shown a generally positive trend over the five-year period from December 31, 2020, to December 31, 2024. The margin increased from 58.62% in 2020 to a peak of 60.99% in 2021, reflecting an improvement in the company's ability to generate profit from its revenue after deducting the cost of goods sold. Although there was a slight decrease in the margin in 2024 to 59.88%, the overall trend indicates that Certara has been effectively managing its production costs and pricing strategies to maintain a healthy level of gross profit margin. This trend suggests operational efficiency and pricing power, which can enhance the company's profitability and competitiveness in the market.
Peer comparison
Dec 31, 2024