Grand Canyon Education Inc (LOPE)

Gross profit margin

Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 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
Gross profit (ttm) US$ in thousands 765,863 755,382 742,621 727,578 706,412 688,216 674,069 665,339 661,304 469,726 471,658 477,697 473,130 411,606 408,372 396,263 385,292 600,930 599,183 591,991
Revenue (ttm) US$ in thousands 1,033,000 1,018,705 1,002,326 985,433 960,866 941,291 928,099 917,277 911,304 657,601 654,907 655,883 647,885 880,309 871,749 855,720 839,694 812,574 805,522 792,740
Gross profit margin 74.14% 74.15% 74.09% 73.83% 73.52% 73.11% 72.63% 72.53% 72.57% 71.43% 72.02% 72.83% 73.03% 46.76% 46.85% 46.31% 45.88% 73.95% 74.38% 74.68%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $765,863K ÷ $1,033,000K
= 74.14%

The gross profit margin of Grand Canyon Education Inc has shown fluctuations over the past few years, ranging from a low of 45.88% in December 2020 to a high of 74.68% in March 2020. There was a significant drop in the gross profit margin in late 2020, but it gradually improved in subsequent periods.

From December 2021 to June 2024, the gross profit margin consistently stayed above 70%, indicating a healthy level of profitability. The company managed to maintain a relatively stable and strong gross profit margin during these periods.

Overall, the trend in the gross profit margin of Grand Canyon Education Inc suggests that the company has been successful in generating sufficient revenue from its core operations to cover the cost of goods sold. Maintaining a high gross profit margin is essential for the company's profitability and financial health.