Perdoceo Education Corp (PRDO)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	681,263	579,680	578,485	584,291	575,546
Revenue	US$ in thousands	681,263	710,004	695,208	693,034	687,314
Gross profit margin		100.00%	81.64%	83.21%	84.31%	83.74%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $681,263K ÷ $681,263K
= 100.00%

Perdoceo Education Corp's gross profit margin has shown a generally positive trend over the years, starting at 83.74% as of December 31, 2020, and reaching its peak at 100.00% as of December 31, 2024. However, there was a slight decrease in the margin to 81.64% as of December 31, 2023.

The consistently high gross profit margins indicate that Perdoceo Education Corp has been effectively managing its production and distribution costs relative to its revenue. The significant increase in the margin to 100.00% in 2024 suggests a potential improvement in operational efficiency or possibly a change in the business model.

Overall, the trend in Perdoceo Education Corp's gross profit margin reflects strong cost control and pricing strategies, which are essential for maintaining profitability in the education sector. It will be important to monitor future financial statements to assess if the company can sustain or continue to improve upon this performance.