Frontier Communications Parent Inc (FYBR)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | Dec 31, 2018 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,561,000 | 2,594,000 | 2,178,000 | 1,764,000 | 1,361,000 | -75,000 | -69,000 | 936,000 | 2,641,000 | 3,879,000 | 5,198,000 | 5,490,000 | 5,737,000 | 5,668,000 | 408,000 | 609,000 | 150,000 | -242,000 | 4,887,000 | 4,590,000 |
| Revenue (ttm) | US$ in thousands | 5,751,000 | 5,762,000 | 5,770,000 | 5,780,000 | 5,787,000 | 5,893,000 | 6,065,000 | 6,282,000 | 6,530,000 | 6,713,000 | 6,898,000 | 7,155,000 | 7,402,000 | 7,673,000 | 7,939,000 | 8,107,000 | 8,289,000 | 8,418,000 | 8,513,000 | 8,611,000 |
| Gross profit margin | 27.14% | 45.02% | 37.75% | 30.52% | 23.52% | -1.27% | -1.14% | 14.90% | 40.44% | 57.78% | 75.36% | 76.73% | 77.51% | 73.87% | 5.14% | 7.51% | 1.81% | -2.87% | 57.41% | 53.30% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,561,000K ÷ $5,751,000K
= 27.14%
Frontier Communications Parent Inc's gross profit margin has varied significantly over the past few years, with fluctuations observed in each quarter. The company experienced a noticeable decline in its gross profit margin in the third and fourth quarters of 2020, resulting in negative margins. However, the situation improved significantly in subsequent quarters, with the gross profit margin showing a strong recovery and reaching high levels in the first and second quarters of 2021.
Despite the rebound in early 2021, there was a gradual decline in the gross profit margin throughout the rest of 2021 and into 2022. The margin dropped to negative values again in the third and fourth quarters of 2021, likely indicating operational challenges or cost issues affecting the company's profitability during that period.
The gross profit margin then improved notably in the first quarter of 2022 and remained relatively stable at around 15% to 40% for the next few quarters, indicating some level of recovery and stabilization in Frontier Communications Parent Inc's profitability. However, the margin experienced a significant decline in the fourth quarter of 2022 before bouncing back strongly in the first quarter of 2023.
Overall, Frontier Communications Parent Inc's gross profit margin has exhibited volatility and inconsistency over the past few years, reflecting fluctuations in revenue and cost structures that have impacted the company's ability to generate profits. Monitoring and addressing these fluctuations will be crucial for the company's financial health and long-term sustainability.
Peer comparison
Dec 31, 2023