NV5 Global Inc (NVEE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 483,233 | 430,362 | 385,974 | 359,314 | 334,538 |
| Revenue | US$ in thousands | 483,233 | 861,739 | 786,778 | 706,706 | 659,296 |
| Gross profit margin | 100.00% | 49.94% | 49.06% | 50.84% | 50.74% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $483,233K ÷ $483,233K
= 100.00%
The gross profit margin of NV5 Global Inc has shown relatively stable performance over the years, ranging from 49.06% to 50.84%. In particular, there was a significant increase to 100.00% reported as of December 31, 2024, which may be attributed to various factors such as changes in revenue recognition, cost management strategies, or accounting adjustments. It is advisable to further investigate the sudden spike to ensure accuracy and understand the underlying reasons behind such a notable shift in gross profit margin. Overall, NV5 Global Inc has maintained a healthy gross profit margin, reflecting its ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2024