Equifax Inc (EFX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,162,400 | 2,930,100 | 2,945,000 | 2,943,000 | 2,390,100 |
| Revenue | US$ in thousands | 5,681,100 | 5,265,200 | 5,122,200 | 4,923,900 | 4,127,500 |
| Gross profit margin | 55.67% | 55.65% | 57.49% | 59.77% | 57.91% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,162,400K ÷ $5,681,100K
= 55.67%
Equifax Inc's gross profit margin has shown some fluctuation over the past five years. Starting at 57.91% on December 31, 2020, it increased to 59.77% by December 31, 2021. However, in the following years, the margin experienced a slight decline, reaching 57.49% on December 31, 2022, and further decreasing to 55.65% by December 31, 2023. The most recent data point as of December 31, 2024, shows a slight recovery to 55.67%. Overall, while there have been some fluctuations, Equifax Inc has maintained a relatively healthy gross profit margin during this period, indicating its ability to effectively manage its cost of goods sold and generate profitability from its core operations. It is important for the company to continue monitoring and optimizing its gross profit margin to ensure sustainable financial performance in the future.