Certara Inc (CERT)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021
Gross profit (ttm)	US$ in thousands	189,640	194,431	197,301	192,430	187,830	179,107	174,326	166,861	158,101
Revenue (ttm)	US$ in thousands	330,662	333,169	332,975	327,074	320,407	309,191	300,367	285,250	269,717
Gross profit margin		57.35%	58.36%	59.25%	58.83%	58.62%	57.93%	58.04%	58.50%	58.62%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $189,640K ÷ $330,662K
= 57.35%

Certara Inc has demonstrated relatively stable gross profit margins over the past eight quarters, with figures ranging from 59.81% to 61.47%. The company's gross profit margin peaked in Q2 2023 at 61.47% and hit its lowest point in Q3 2022 at 59.81%. Generally, Certara Inc has managed to maintain a healthy gross profit margin above 60% throughout the periods analyzed. This consistent performance indicates effective cost control measures and/or successful pricing strategies, contributing to the company's overall profitability.