Medpace Holdings Inc (MEDP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 474,178 | 359,054 | 356,986 | 217,399 | 179,208 |
| Revenue | US$ in thousands | 2,108,550 | 1,883,940 | 1,519,300 | 1,145,160 | 926,439 |
| Gross profit margin | 22.49% | 19.06% | 23.50% | 18.98% | 19.34% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $474,178K ÷ $2,108,550K
= 22.49%
Based on the data provided, Medpace Holdings Inc's gross profit margin has shown some fluctuations over the years. In December 2020, the gross profit margin stood at 19.34%, slightly decreasing to 18.98% by December 2021. However, in the subsequent years, there was an improvement in the gross profit margin, reaching 23.50% by December 2022.
After this peak, there was a slight decline in December 2023 to 19.06%. Nevertheless, the company was able to improve its gross profit margin again by December 2024, reaching 22.49%.
Overall, the trend in Medpace Holdings Inc's gross profit margin seems to be positively shifting, with some year-to-year variability. It is essential for the company to continue monitoring and managing its cost of goods sold and revenue generation effectively to sustain and potentially improve its gross profit margin in the future.
Peer comparison
Dec 31, 2024