Corsair Gaming Inc (CRSR)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 327,597 | 322,059 | 341,751 | 361,498 | 360,263 | 355,446 | 337,653 | 291,280 | 296,632 | 320,588 | 350,390 | 444,282 | 513,854 | 545,840 | 572,422 | 547,135 | 465,429 | 382,083 | 314,366 | 254,826 |
| Revenue (ttm) | US$ in thousands | 1,316,379 | 1,320,042 | 1,379,036 | 1,443,168 | 1,459,875 | 1,441,319 | 1,389,895 | 1,348,371 | 1,375,098 | 1,486,990 | 1,566,342 | 1,755,337 | 1,904,060 | 1,949,777 | 2,015,759 | 1,923,263 | 1,702,367 | 1,472,583 | 1,299,852 | 1,160,309 |
| Gross profit margin | 24.89% | 24.40% | 24.78% | 25.05% | 24.68% | 24.66% | 24.29% | 21.60% | 21.57% | 21.56% | 22.37% | 25.31% | 26.99% | 27.99% | 28.40% | 28.45% | 27.34% | 25.95% | 24.18% | 21.96% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $327,597K ÷ $1,316,379K
= 24.89%
The gross profit margin for Corsair Gaming Inc has shown some fluctuations over the period from March 31, 2020, to December 31, 2024. The trend indicates an initial increase from 21.96% in March 2020 to a peak of 28.45% in March 2021. However, following this peak, the margin experienced a slight decline and then remained relatively stable around the mid to high 20s until June 2022.
From June 2022 onwards, there was a gradual decrease in the gross profit margin, reaching a low of 21.56% in September 2022. Despite a slight recovery in the following quarter, the margin remained relatively low compared to previous periods. Over the subsequent quarters, the margin fluctuated within a narrow range, with occasional ups and downs.
Overall, the gross profit margin of Corsair Gaming Inc has experienced both upward and downward movements throughout the analyzed period, showcasing the company's ability to manage its cost of goods sold in relation to its revenue generation. However, the recent trend of lower margins may suggest potential challenges in maintaining profitability or controlling production costs. Continued monitoring and analysis of this metric will be essential to assess the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024