Concentra Group Holdings Parent, Inc. (CON)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 439,381 | 408,193 | 427,977 |
| Revenue | US$ in thousands | 1,838,080 | 1,724,360 | 1,732,040 |
| Gross profit margin | 23.90% | 23.67% | 24.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $439,381K ÷ $1,838,080K
= 23.90%
Concentra Group Holdings Parent, Inc.'s gross profit margin has shown some fluctuations over the past three years. In 2021, the gross profit margin was at its highest point at 24.71%, indicating that the company was able to effectively control its production costs and generate a healthy level of profitability from its core operations. However, in 2022, the gross profit margin slightly decreased to 23.67%, signaling a potential increase in production costs or a decline in sales prices relative to the cost of goods sold.
By the end of 2023, the gross profit margin had improved to 23.90%, although it remained below the level seen in 2021. This improvement suggests that the company may have implemented cost-saving measures or successfully negotiated better pricing terms with suppliers. Overall, while there have been fluctuations, Concentra Group Holdings Parent, Inc. has maintained a reasonable level of gross profit margin over the past three years, indicating efficiency in managing its production costs and pricing strategies.
Peer comparison
Dec 31, 2023