New York Times Company (NYT)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 488,691 | 468,959 | 480,881 | 308,684 | 1,812,180 |
| Revenue | US$ in thousands | 2,447,250 | 2,383,240 | 2,123,020 | 1,783,640 | 1,812,180 |
| Gross profit margin | 19.97% | 19.68% | 22.65% | 17.31% | 100.00% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $488,691K ÷ $2,447,250K
= 19.97%
The gross profit margin of New York Times Co. has exhibited some fluctuations over the past five years. In 2023, the gross profit margin was 48.52%, which was slightly higher than the 47.63% recorded in 2022, indicating a modest improvement in the company's ability to generate profits from its core operations. The gross profit margin was highest in 2019 at 95.81%, which suggests a significant level of profitability relative to more recent years.
The fluctuation in gross profit margin could be attributed to various factors such as changes in revenue, cost of goods sold, pricing strategies, and operational efficiencies. It is important for the company to closely monitor and manage its cost structure to maintain or improve its gross profit margin over time.
Overall, the gross profit margin trend of New York Times Co. shows variability over the years, emphasizing the importance of continual evaluation and adjustment of operational strategies to enhance profitability.
Peer comparison
Dec 31, 2023