ExlService Holdings Inc (EXLS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 691,013 | 607,766 | 515,449 | 431,359 | 334,498 |
| Revenue | US$ in thousands | 1,839,380 | 1,619,020 | 1,412,250 | 1,106,200 | 951,676 |
| Gross profit margin | 37.57% | 37.54% | 36.50% | 38.99% | 35.15% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $691,013K ÷ $1,839,380K
= 37.57%
ExlService Holdings Inc's gross profit margin has displayed some fluctuations over the past five years. In December 2020, the company's gross profit margin stood at 35.15%, which increased to 38.99% by December 2021. However, in the following years, there was some variability in the margin, with rates of 36.50% in 2022, 37.54% in 2023, and 37.57% in 2024.
Overall, ExlService Holdings Inc has exhibited a generally stable gross profit margin performance, with a gradual increase observed between 2020 and 2021, followed by relatively consistent levels in the subsequent years. These fluctuations could be influenced by various factors, such as changes in revenue, cost of goods sold, or pricing strategies. Further analysis of the company's financials would be necessary to understand the specific drivers behind these fluctuations and assess the overall profitability and efficiency of its operations.
Peer comparison
Dec 31, 2024