Heidrick & Struggles International (HSII)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 37,660 | 101,424 | 209,458 | 153,136 | -28,474 |
| Revenue | US$ in thousands | 1,115,680 | 1,041,180 | 1,083,590 | 1,008,470 | 629,370 |
| Gross profit margin | 3.38% | 9.74% | 19.33% | 15.18% | -4.52% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $37,660K ÷ $1,115,680K
= 3.38%
The gross profit margin of Heidrick & Struggles International has shown fluctuations over the years as per the provided data. The margin was negative at -4.52% as of December 31, 2020, which indicates that the company's cost of goods sold exceeded its revenue resulting in a loss.
However, there was a notable improvement in the gross profit margin to 15.18% by December 31, 2021. This increase suggests that the company was able to efficiently manage its costs and generate a higher profit on its sales. Subsequently, the margin further increased to 19.33% by December 31, 2022, indicating continued improvement in profitability.
By December 31, 2023, the gross profit margin decreased to 9.74%, which could be a sign of increased costs or pricing pressures affecting the company's ability to maintain higher profit margins. Furthermore, the margin dropped significantly to 3.38% by December 31, 2024, signaling a sharp decline in profitability, possibly due to various factors impacting the company's operations.
Overall, the trend in Heidrick & Struggles International's gross profit margin shows variability, with both positive and negative movements reflecting changes in the company's financial performance and efficiency in managing costs over the years.
Peer comparison
Dec 31, 2024