New York Times Company (NYT)
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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,235,162 | 1,179,689 | 1,158,560 | 1,157,704 | 1,155,149 | 1,157,434 | 1,123,048 | 1,097,215 | 1,099,388 | 1,077,978 | 1,077,279 | 1,069,321 | 1,035,309 | 980,167 | 919,037 | 845,501 | 823,417 | 886,443 | 945,173 | 1,034,814 |
| Revenue (ttm) | US$ in thousands | 2,585,919 | 2,535,505 | 2,493,672 | 2,459,428 | 2,426,152 | 2,417,473 | 2,366,808 | 2,331,635 | 2,308,321 | 2,235,017 | 2,196,440 | 2,139,257 | 2,074,877 | 1,990,003 | 1,907,795 | 1,813,048 | 1,783,639 | 1,782,644 | 1,784,250 | 1,816,758 |
| Gross profit margin | 47.76% | 46.53% | 46.46% | 47.07% | 47.61% | 47.88% | 47.45% | 47.06% | 47.63% | 48.23% | 49.05% | 49.99% | 49.90% | 49.25% | 48.17% | 46.63% | 46.17% | 49.73% | 52.97% | 56.96% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,235,162K ÷ $2,585,919K
= 47.76%
The gross profit margin of New York Times Company has exhibited a gradual decline from 56.96% as of March 31, 2020, to 47.76% as of December 31, 2024. This downward trend indicates a decrease in the percentage of revenue retained after accounting for the cost of goods sold over this period. While there have been fluctuations in the margins over the quarters, the general direction has been negative.
It is essential for the company to closely monitor and potentially address the factors contributing to this decline in gross profit margin to ensure sustainable profitability and operational efficiency. Such factors could include increasing production costs, pricing pressure, or changes in the competitive landscape that impact the company's ability to generate higher revenue relative to the cost of goods sold.
Peer comparison
Dec 31, 2024