FTI Consulting Inc (FCN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,135,030 | 962,931 | 860,715 | 788,564 | 817,821 |
| Revenue | US$ in thousands | 3,489,240 | 3,028,910 | 2,776,220 | 2,461,280 | 2,352,720 |
| Gross profit margin | 32.53% | 31.79% | 31.00% | 32.04% | 34.76% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,135,030K ÷ $3,489,240K
= 32.53%
FTI Consulting Inc.'s gross profit margin has exhibited some fluctuations over the past five years. In 2023, the gross profit margin stood at 32.53%, showing a slight improvement from the previous year's margin of 31.79%. However, compared to 2021 and 2020, where the margins were 31.00% and 32.04% respectively, the current margin reflects a stronger performance. Notably, the gross profit margin has experienced a decline from 34.76% in 2019 to the current level. This trend suggests that FTI Consulting Inc. may have experienced changes in its cost structure or pricing strategy impacting its ability to generate gross profit. Monitoring the gross profit margin and its underlying components can be crucial in assessing the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023