Graham Holdings Co (GHC)

Gross 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
Gross profit (ttm)	US$ in thousands	1,404,418	1,311,321	1,290,589	1,306,549	1,278,182	1,319,809	1,307,558	1,271,887	1,266,775	1,220,558	1,163,636	1,129,439	1,071,453	1,055,312	1,033,575	985,402	978,998	932,157	914,020	928,755
Revenue (ttm)	US$ in thousands	4,790,900	4,711,910	4,616,270	4,535,990	4,414,880	4,312,100	4,213,020	4,041,322	3,924,493	3,723,394	3,520,390	3,388,240	3,185,974	3,110,054	3,017,600	2,869,319	2,889,121	2,865,588	2,887,426	2,972,157
Gross profit margin		29.31%	27.83%	27.96%	28.80%	28.95%	30.61%	31.04%	31.47%	32.28%	32.78%	33.05%	33.33%	33.63%	33.93%	34.25%	34.34%	33.89%	32.53%	31.66%	31.25%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,404,418K ÷ $4,790,900K
= 29.31%

Graham Holdings Co's gross profit margin has shown fluctuations over the past few years. Starting at 31.25% in March 2020, it gradually increased to reach its peak at 34.34% in March 2021. However, since then, the trend reversed, experiencing a slight decline before dropping more noticeably to 28.80% in March 2024. The company's gross profit margin in December 2024 rebounded slightly to 29.31%.

The overall trend indicates that Graham Holdings Co experienced a period of initial improvement in its gross profit margin, followed by a subsequent decline. Factors such as changes in sales prices, production costs, and operational inefficiencies could have influenced these fluctuations in the gross profit margin. Monitoring and analyzing the drivers behind these changes will be crucial for the company to effectively manage its profitability in the future.