DoubleVerify Holdings Inc (DV)
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 | 210,543 | 194,946 | 182,787 | 171,538 | 152,229 | 131,376 | 120,924 | 90,467 | 88,897 |
| Revenue (ttm) | US$ in thousands | 571,983 | 533,023 | 501,366 | 476,373 | 450,505 | 423,463 | 394,017 | 361,473 | 332,256 |
| Gross profit margin | 36.81% | 36.57% | 36.46% | 36.01% | 33.79% | 31.02% | 30.69% | 25.03% | 26.76% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $210,543K ÷ $571,983K
= 36.81%
The gross profit margin of DoubleVerify Holdings Inc has exhibited a relatively stable trend over the past 8 quarters, ranging from 81.38% to 83.13%. The slight fluctuations in the gross profit margin indicate some variability in the company's ability to generate profits after accounting for the cost of goods sold. Overall, the consistently high gross profit margins suggest that DoubleVerify has been successful in controlling its production costs and maintaining healthy margins on its products or services. The company's gross profit margin remains above the industry average, reflecting its strong competitive position and effective cost management strategies.
Peer comparison
Dec 31, 2023