Consolidated Communications (CNSL)

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	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	746,255	773,453	821,387	930,425	836,131	852,735	882,941	906,345	1,049,297	1,036,841	1,050,061	1,064,157	1,079,387	1,094,898	1,094,171	1,085,395	1,092,794	1,116,209	1,117,323	1,133,913
Revenue (ttm)	US$ in thousands	1,108,273	1,129,071	1,142,036	1,165,264	1,189,461	1,211,965	1,233,930	1,250,822	1,260,849	1,249,993	1,258,475	1,268,369	1,284,566	1,307,977	1,314,817	1,322,890	1,336,839	1,350,554	1,364,712	1,381,684
Gross profit margin		67.33%	68.50%	71.92%	79.85%	70.29%	70.36%	71.56%	72.46%	83.22%	82.95%	83.44%	83.90%	84.03%	83.71%	83.22%	82.05%	81.74%	82.65%	81.87%	82.07%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $746,255K ÷ $1,108,273K
= 67.33%

Consolidated Communications Holdings Inc's gross profit margin has shown a slight decline in the most recent quarters compared to the same period in the prior year. The company's gross profit margin fluctuated between 53.34% and 53.89% throughout 2023, showcasing consistency within a tight range. However, there has been a decrease from the levels seen in 2022, where the margin ranged from 54.11% to 55.35%. This decrease could indicate potential challenges in managing production costs or pricing strategies. Further analysis and comparison with industry benchmarks would be beneficial to gain a deeper understanding of the company's operational efficiency in generating profits from its core business activities.