DoubleVerify Holdings Inc (DV)

Operating profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021
Operating income US$ in thousands 85,727 59,024 26,684
Revenue US$ in thousands 572,598 450,433 332,738
Operating profit margin 14.97% 13.10% 8.02%

December 31, 2023 calculation

Operating profit margin = Operating income ÷ Revenue
= $85,727K ÷ $572,598K
= 14.97%

The operating profit margin of DoubleVerify Holdings Inc has shown a positive trend over the past three years. It increased from 8.02% in 2021 to 13.05% in 2022 and further improved to 14.97% in 2023. This indicates that the company has been able to effectively control its operating expenses and generate more profit from its core operations. The consistent growth in operating profit margin signifies the company's improved operational efficiency and could be a positive signal for its overall financial health and performance.