Frontier Communications Parent Inc (FYBR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,561,000 | 1,379,000 | -72,000 | 3,928,000 | 4,367,000 |
| Revenue | US$ in thousands | 5,751,000 | 5,787,000 | 6,411,000 | 7,155,000 | 8,107,000 |
| Gross profit margin | 27.14% | 23.83% | -1.12% | 54.90% | 53.87% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,561,000K ÷ $5,751,000K
= 27.14%
Frontier Communications Parent Inc's gross profit margin has exhibited fluctuating trends over the past five years. In 2019 and 2020, the company experienced relatively high gross profit margins of 53.87% and 54.90% respectively, indicating strong profitability from its core business operations. However, in 2021, there was a significant decline in the gross profit margin to -1.12%, which may suggest challenges or inefficiencies in managing production costs or pricing strategies.
The company showed improvement in 2022 with a gross profit margin of 23.83%, but still below the levels achieved in the previous years. In the most recent period of December 31, 2023, the gross profit margin further increased to 27.14%, indicating a potential recovery in profitability compared to the prior year.
It is essential for Frontier Communications Parent Inc to continuously monitor and analyze its gross profit margin to ensure sustainable and healthy financial performance. Diving deeper into the underlying factors influencing the changes in the gross profit margin can provide insights into the company's operational efficiency, pricing strategies, and overall profitability.
Peer comparison
Dec 31, 2023