Grid Dynamics Holdings Inc (GDYN)
Operating profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 3,035 | -3,501 | -5,494 | -4,504 | -5,580 | -10,127 | -15,020 | -27,203 | -21,008 | -16,922 | -10,202 | 2,031 | 50 | -1,980 | -5,621 | -10,192 | -15,448 | -7,747 | -491 | 7,532 |
| Revenue (ttm) | US$ in thousands | 350,571 | 328,358 | 318,342 | 312,647 | 312,910 | 315,417 | 319,159 | 319,152 | 310,482 | 296,443 | 273,215 | 243,556 | 211,280 | 174,869 | 143,268 | 117,960 | 111,283 | 113,158 | 118,248 | 124,506 |
| Operating profit margin | 0.87% | -1.07% | -1.73% | -1.44% | -1.78% | -3.21% | -4.71% | -8.52% | -6.77% | -5.71% | -3.73% | 0.83% | 0.02% | -1.13% | -3.92% | -8.64% | -13.88% | -6.85% | -0.42% | 6.05% |
December 31, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $3,035K ÷ $350,571K
= 0.87%
Grid Dynamics Holdings Inc's operating profit margin has been fluctuating over the past few years. Starting at 6.05% in March 2020, the margin declined into negative territory in June 2020, indicating operating losses. The negative trend continued through December 2021, with a low of -13.88%. However, the margin started to show signs of improvement in March 2022, reaching 0.83%, and further increased to 0.87% by December 2024. Despite the recent improvements, Grid Dynamics Holdings Inc has experienced challenges in maintaining a consistently positive operating profit margin, which is a key indicator of the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2024