Insperity Inc (NSP)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	1,052,000	1,037,000	1,011,230	820,102	806,854
Revenue	US$ in thousands	6,581,000	6,458,730	5,924,610	4,965,610	4,278,990
Gross profit margin		15.99%	16.06%	17.07%	16.52%	18.86%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,052,000K ÷ $6,581,000K
= 15.99%

Insperity Inc's gross profit margin has shown a declining trend over the five-year period from December 31, 2020, to December 31, 2024. The margin decreased from 18.86% in 2020 to 15.99% in 2024. This indicates that the company's cost of goods sold relative to its revenue has been increasing, suggesting potential challenges in managing production or procurement costs. Further analysis and comparison with industry benchmarks may help provide insights into the reasons behind this trend and potential strategies for improvement.