Gartner Inc (IT)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,277,540 | 4,035,380 | 1,058,070 | 813,368 | 389,751 |
| Revenue | US$ in thousands | 6,313,080 | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 |
| Gross profit margin | 67.76% | 67.26% | 19.31% | 17.39% | 9.76% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,277,540K ÷ $6,313,080K
= 67.76%
Based on the data provided, Gartner Inc's gross profit margin has shown a positive trend over the years. Starting at a relatively low level of 9.76% on December 31, 2020, the gross profit margin increased to 17.39% by December 31, 2021, and further improved to 19.31% by December 31, 2022. The most significant jump occurred between December 31, 2022, and December 31, 2023, where the gross profit margin surged to 67.26%, representing a substantial increase in profitability. This upward trajectory was maintained as of December 31, 2024, with a gross profit margin of 67.76%.
The consistent rise in the gross profit margin indicates that Gartner Inc has been effectively managing its production costs and increasing its revenue generation over the years. This trend suggests an improvement in the company's operational efficiency and profitability, which can be a positive indicator of its overall financial health and performance.
Peer comparison
Dec 31, 2024