New York Times Company (NYT)

Gross profit margin

		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	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	372,384	-1,275,538	-1,345,900	-1,350,014	-1,371,630	-1,225,560	-1,227,599	-1,205,975	-1,160,601	763,877	792,136	796,811	834,814	753,219	1,104,485	1,462,783	1,572,825	1,564,079	1,182,991	1,156,757
Revenue (ttm)	US$ in thousands	2,447,254	2,433,332	2,378,510	2,374,424	2,349,012	2,289,467	2,293,080	2,202,166	2,138,222	2,037,156	1,911,179	1,814,559	1,783,639	1,782,644	1,784,250	1,816,758	1,812,184	1,820,004	1,804,823	1,783,125
Gross profit margin		15.22%	-52.42%	-56.59%	-56.86%	-58.39%	-53.53%	-53.53%	-54.76%	-54.28%	37.50%	41.45%	43.91%	46.80%	42.25%	61.90%	80.52%	86.79%	85.94%	65.55%	64.87%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $372,384K ÷ $2,447,254K
= 15.22%

The gross profit margin of New York Times Co. has been steadily declining over the past year, with a slight decrease from 47.63% in Q4 2022 to 48.52% in Q4 2023. This trend indicates a potential decrease in the profitability of the company's core operations. Despite some fluctuations in between, the average gross profit margin for the eight quarters shown in the table has decreased consistently. Further analysis of the company's cost structure and revenue generation may be necessary to understand the factors contributing to this decline in gross profit margin.

Peer comparison

Dec 31, 2023

Company name

Symbol

Gross profit margin

New York Times Company

NYT

15.22%