HealthStream Inc (HSTM)

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	86,955	70,614	68,217	66,388	66,059	59,913	58,189	58,384	56,971	61,677	59,544	56,437	56,791	57,639	57,187	79,558	103,165	128,626	153,113	151,854
Revenue (ttm)	US$ in thousands	279,064	277,019	273,965	270,405	266,826	262,607	259,413	258,591	256,692	254,193	250,985	246,722	244,826	245,703	247,270	250,498	254,113	251,243	248,718	241,945
Gross profit margin		31.16%	25.49%	24.90%	24.55%	24.76%	22.81%	22.43%	22.58%	22.19%	24.26%	23.72%	22.87%	23.20%	23.46%	23.13%	31.76%	40.60%	51.20%	61.56%	62.76%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $86,955K ÷ $279,064K
= 31.16%

Healthstream Inc's gross profit margin has shown stability and consistency over the past eight quarters, ranging from 64.50% to 65.95%. The company's ability to maintain gross profit margins above 64% indicates effective management of production costs and pricing strategies. The slight fluctuations quarter by quarter suggest that Healthstream Inc has been able to efficiently manage its cost of goods sold while generating a healthy level of revenue. Overall, the trend of gross profit margins being consistently above industry norms is a positive indicator of the company's profitability and operational efficiency.