Medpace Holdings Inc (MEDP)

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	474,178	433,997	405,803	378,142	374,854	383,504	384,845	365,425	326,486	287,814	253,005	234,461	217,399	214,615	206,259	192,662	179,208	182,871	165,511	169,950
Revenue (ttm)	US$ in thousands	2,108,554	2,068,966	2,028,148	1,960,912	1,899,742	1,816,339	1,717,384	1,607,723	1,488,796	1,387,029	1,289,052	1,216,138	1,145,156	1,094,017	1,028,823	955,525	926,439	896,133	881,998	891,107
Gross profit margin		22.49%	20.98%	20.01%	19.28%	19.73%	21.11%	22.41%	22.73%	21.93%	20.75%	19.63%	19.28%	18.98%	19.62%	20.05%	20.16%	19.34%	20.41%	18.77%	19.07%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $474,178K ÷ $2,108,554K
= 22.49%

Medpace Holdings Inc's gross profit margin has shown fluctuation over the analyzed period from March 31, 2020, to December 31, 2024. The gross profit margin stood at 19.07% on March 31, 2020, and experienced variations, reaching its lowest point of 18.77% on June 30, 2020. Subsequently, the gross profit margin improved to 20.41% on September 30, 2020, before dropping to 19.34% by December 31, 2020.

From March 31, 2021, the gross profit margin displayed a general upward trend, with fluctuations along the way. Notably, the margin increased to 22.73% by March 31, 2023, marking its highest point during the period analyzed. However, the margin declined to 19.73% by December 31, 2023.

The performance of the gross profit margin continued to fluctuate through June 30, 2024, showing improvements and declines. The margin reached 22.49% by December 31, 2024, indicating an overall increase compared to the initial periods analyzed.

Overall, Medpace Holdings Inc's gross profit margin has displayed variability over the years, with periods of both improvement and decline. It is essential for the company to continue monitoring and managing its cost of goods sold and revenue generation to ensure the sustainability and profitability of its operations.