Heidrick & Struggles International (HSII)
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 | 37,660 | 82,062 | 85,553 | 101,444 | 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 |
| Revenue (ttm) | US$ in thousands | 1,115,676 | 1,092,180 | 1,077,261 | 1,068,161 | 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 |
| Gross profit margin | 3.38% | 7.51% | 7.94% | 9.50% | 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% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $37,660K ÷ $1,115,676K
= 3.38%
Heidrick & Struggles International's gross profit margin has shown fluctuations over the period outlined in the data provided. Starting at 21.88% in March 2020, it experienced a significant decline to -1.41% in September 2020, indicating a period of negative gross profit. However, the company gradually improved its gross profit margin, reaching positive territory in December 2020 at 0.73%.
The trend continued with fluctuations in the following quarters, with the margin dipping again to -4.51% in March 2021 before recovering to 13.62% by December 2021. From March 2022 to September 2024, the gross profit margin consistently increased, reaching a peak of 19.40% in December 2022. Thereafter, the margin began to decline, dropping to 3.38% by December 2024.
Overall, Heidrick & Struggles International showed resilience in recovering from negative gross profit margins in the past, but the recent decrease indicates a need for further analysis to understand the factors driving this decline.
Peer comparison
Dec 31, 2024