Manhattan Associates Inc (MANH)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 405,828 340,662 266,777 232,515 197,517
Revenue US$ in thousands 1,048,890 932,692 769,284 664,197 585,552
Gross profit margin 38.69% 36.52% 34.68% 35.01% 33.73%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $405,828K ÷ $1,048,890K
= 38.69%

Manhattan Associates Inc has shown a consistent improvement in its gross profit margin over the past five years. Starting from 33.73% on December 31, 2020, the company managed to increase its gross profit margin to 35.01% by December 31, 2021. Subsequently, there was a slight decrease to 34.68% by December 31, 2022, but the trend reversed as the margin rose to 36.52% by December 31, 2023. The most notable improvement was seen in the latest year, with the gross profit margin reaching 38.69% by December 31, 2024. This upward trajectory indicates the company's ability to effectively manage its production costs and generate higher profits relative to its revenue.