Certara Inc (CERT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 189,476 | 187,830 | 158,101 |
| Revenue | US$ in thousands | 330,498 | 320,407 | 269,717 |
| Gross profit margin | 57.33% | 58.62% | 58.62% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $189,476K ÷ $330,498K
= 57.33%
Certara Inc's gross profit margin has shown consistency and strength over the past four years, with margins ranging from 58.62% in 2020 to 60.99% in 2021. Although there was a slight decrease to 60.50% in 2022 and further to 60.20% in 2023, the company has maintained healthy margins above 60% in recent years. This indicates that Certara has been effectively managing its production and pricing strategies to generate strong profits relative to its sales revenue. Overall, the trend suggests that Certara Inc has a competitive position in controlling its cost of goods sold and maximizing its profitability.
Peer comparison
Dec 31, 2023