N-Able Inc (NABL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 353,672 | 313,159 | 294,024 |
| Revenue | US$ in thousands | 420,409 | 371,392 | 344,291 |
| Gross profit margin | 84.13% | 84.32% | 85.40% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $353,672K ÷ $420,409K
= 84.13%
The gross profit margin of N-Able Inc has shown a slight decline over the past three years, decreasing from 85.40% in 2021 to 84.13% in 2023. This suggests that the company's profitability from sales has decreased slightly, indicating potentially higher costs of goods sold relative to revenue. However, it is worth noting that the gross profit margin remains relatively high, indicating that N-Able Inc is still effectively managing its production costs and generating healthy profits from its core business activities. Further analysis of the company's operating expenses and revenue trends would provide additional insights into the factors influencing this trend in gross profit margin.
Peer comparison
Dec 31, 2023