Consolidated Communications (CNSL)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	375,105	479,823	710,475	719,330	713,339
Revenue	US$ in thousands	1,098,700	1,182,490	1,248,400	1,276,540	1,334,130
Gross profit margin		34.14%	40.58%	56.91%	56.35%	53.47%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $375,105K ÷ $1,098,700K
= 34.14%

Consolidated Communications Holdings Inc's gross profit margin has shown a declining trend over the past five years. The margin decreased from 56.98% in 2019 to 53.89% in 2023. This indicates that the company's cost of goods sold as a percentage of revenue has been increasing over time, potentially impacting its overall profitability. It is essential for the company to closely monitor and manage its cost structure to improve its gross profit margin and enhance financial performance.