N-Able Inc (NABL)

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
Gross profit (ttm)	US$ in thousands	385,439	383,066	376,735	365,525	353,696	343,558	331,771	320,171	313,159	308,674	306,377	301,439	294,024	280,958	265,110	250,641	239,697
Revenue (ttm)	US$ in thousands	464,013	458,053	449,178	435,811	421,880	409,220	395,180	380,727	371,769	365,517	360,413	354,126	346,456	336,833	324,709	312,793	302,871
Gross profit margin		83.07%	83.63%	83.87%	83.87%	83.84%	83.95%	83.95%	84.09%	84.23%	84.45%	85.01%	85.12%	84.87%	83.41%	81.65%	80.13%	79.14%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $385,439K ÷ $464,013K
= 83.07%

The gross profit margin of N-Able Inc has shown a consistent upward trend from December 31, 2020, to September 30, 2022, increasing from 79.14% to 84.45%. This indicates that the company is effectively managing its direct costs of goods sold relative to its revenue during this period.

Subsequently, there was a slight dip in the gross profit margin to 83.84% by December 31, 2023, before stabilizing around the 83-85% range from March 31, 2024, to December 31, 2024. This stability suggests that N-Able Inc has been able to maintain a strong position in controlling its production costs relative to its revenue, although there was a slight decline in the last quarter of 2024.

Overall, the company has generally maintained a healthy gross profit margin throughout the period, which is a positive indicator of its operational efficiency and pricing strategies. However, the slight decline towards the end of 2024 may warrant further analysis to ensure sustained profitability in the future.