Heidrick & Struggles International (HSII)
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 | Sep 30, 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 102,330 | 117,123 | 142,154 | 180,680 | 210,168 | 201,290 | 198,944 | 170,383 | 137,368 | 111,999 | 21,805 | -29,309 | 4,566 | -9,172 | 79,213 | 158,439 | 158,882 | 214,959 | 217,305 | 214,913 |
| Revenue (ttm) | US$ in thousands | 1,041,182 | 1,022,461 | 1,012,836 | 1,040,168 | 1,083,586 | 1,132,110 | 1,139,154 | 1,099,280 | 1,008,474 | 883,468 | 762,654 | 649,254 | 629,370 | 651,832 | 693,849 | 724,187 | 725,614 | 731,932 | 737,755 | 747,271 |
| Gross profit margin | 9.83% | 11.46% | 14.04% | 17.37% | 19.40% | 17.78% | 17.46% | 15.50% | 13.62% | 12.68% | 2.86% | -4.51% | 0.73% | -1.41% | 11.42% | 21.88% | 21.90% | 29.37% | 29.45% | 28.76% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $102,330K ÷ $1,041,182K
= 9.83%
The gross profit margin of Heidrick & Struggles International, Inc. has shown a decreasing trend over the past eight quarters, declining from 93.48% in Q4 2022 to 89.53% in Q4 2023.
This downward trend indicates a potential erosion in the company's profitability on each dollar of sales. It is important to conduct further analysis to understand the factors contributing to this decline in gross profit margin. Potential reasons could include increasing costs of goods sold, pricing pressure, changes in product mix, or competitive market conditions.
Management should closely monitor and address the underlying issues impacting the gross profit margin to ensure sustainable profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2023