N-Able Inc (NABL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 385,468 | 353,672 | 313,159 | 294,024 | 239,698 |
| Revenue | US$ in thousands | 462,627 | 421,880 | 371,769 | 346,456 | 302,871 |
| Gross profit margin | 83.32% | 83.83% | 84.23% | 84.87% | 79.14% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $385,468K ÷ $462,627K
= 83.32%
The gross profit margin of N-Able Inc has shown a positive trend over the past five years, increasing from 79.14% in December 31, 2020 to 83.32% in December 31, 2024. This upward trajectory indicates an improvement in the company's ability to generate profits from its core business operations after accounting for the cost of goods sold. The company has effectively managed its production and sourcing costs, resulting in a higher percentage of revenue retained as gross profit. This consistent growth in gross profit margin reflects positively on N-Able Inc's operational efficiency and competitive positioning in its industry.
Peer comparison
Dec 31, 2024