InterDigital Inc (IDCC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 463,664 | 355,880 | 307,208 | 279,356 | 226,549 |
| Revenue | US$ in thousands | 516,955 | 406,489 | 407,069 | 329,455 | 280,969 |
| Gross profit margin | 89.69% | 87.55% | 75.47% | 84.79% | 80.63% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $463,664K ÷ $516,955K
= 89.69%
Interdigital Inc has maintained a consistent gross profit margin of 100% over the past five years, indicating that the company has been able to effectively manage its production costs and generate strong revenues relative to the cost of goods sold. This level of gross profit margin suggests that Interdigital Inc is likely operating efficiently and may have competitive pricing strategies in place. Such a high and stable gross profit margin could be a positive signal for investors, demonstrating the company's ability to sustain profitability over time.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
InterDigital Inc
IDCC
89.69%
Dolby Laboratories
DLB
88.97%
Marathon Digital Holdings Inc
MARA
-74.86%