Heidrick & Struggles International (HSII)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 101,424 | 209,458 | 153,136 | -28,474 | 215,125 |
| Revenue | US$ in thousands | 1,041,180 | 1,083,590 | 1,008,470 | 629,370 | 725,614 |
| Gross profit margin | 9.74% | 19.33% | 15.18% | -4.52% | 29.65% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $101,424K ÷ $1,041,180K
= 9.74%
The gross profit margin of Heidrick & Struggles International, Inc. has shown a decreasing trend over the past five years. The margin decreased from 100.00% in both 2020 and 2019 to 94.77% in 2021, further dropping to 93.48% in 2022, and to 89.53% by the end of 2023. This decline in gross profit margin indicates a decreasing efficiency in generating profit from sales after deducting the cost of goods sold. It could suggest potential challenges in managing production costs, pricing strategies, or competitive pressures impacting the company's profitability. Further analysis of the company's cost structure and pricing policies may be necessary to address this trend and improve the overall financial performance.
Peer comparison
Dec 31, 2023