Gartner Inc (IT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,180,370 | 1,058,070 | 813,368 | 389,751 | 314,871 |
| Revenue | US$ in thousands | 5,999,420 | 5,479,130 | 4,676,650 | 3,994,620 | 4,181,240 |
| Gross profit margin | 19.67% | 19.31% | 17.39% | 9.76% | 7.53% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,180,370K ÷ $5,999,420K
= 19.67%
Gartner, Inc.'s gross profit margin has shown a consistent upward trend over the past five years, increasing from 63.48% in 2019 to 67.78% in 2023. This indicates the company's ability to effectively manage its production costs and generate profits from its core business operations. The stable and increasing gross profit margin suggests that Gartner, Inc. has been able to maintain pricing power, optimize its production processes, or improve the efficiency of its supply chain. Overall, the trend in the gross profit margin reflects positively on Gartner, Inc.'s operational performance and financial health.
Peer comparison
Dec 31, 2023