Grand Canyon Education Inc (LOPE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 765,922 | 706,412 | 661,304 | 669,846 | 623,581 |
| Revenue | US$ in thousands | 1,033,060 | 960,866 | 911,304 | 897,963 | 839,694 |
| Gross profit margin | 74.14% | 73.52% | 72.57% | 74.60% | 74.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $765,922K ÷ $1,033,060K
= 74.14%
Grand Canyon Education Inc's gross profit margin has shown a relatively stable trend over the past five years. It increased from 74.26% in December 31, 2020, to 74.60% in December 31, 2021. However, there was a slight decline in the margin in December 31, 2022, to 72.57%. Subsequently, the margin rebounded to 73.52% in December 31, 2023, and further improved to 74.14% by December 31, 2024. Overall, the company has maintained a healthy gross profit margin above 70% during the period under review, indicating efficient cost management and pricing strategies. This performance suggests that Grand Canyon Education Inc has been effectively controlling its production and operational costs relative to its revenue, which is a positive indicator of the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2024