Perdoceo Education Corp (PRDO)

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	595,602	536,867	541,747	556,339	579,680	606,912	598,762	585,361	578,485	568,140	577,906	584,498	584,291	592,248	585,775	586,127	575,546	566,508	554,585	538,317
Revenue (ttm)	US$ in thousands	681,263	652,751	662,846	682,670	710,004	738,230	726,727	707,847	695,208	678,922	684,500	692,355	693,034	704,334	699,462	699,958	687,314	674,606	660,439	640,845
Gross profit margin		87.43%	82.25%	81.73%	81.49%	81.64%	82.21%	82.39%	82.70%	83.21%	83.68%	84.43%	84.42%	84.31%	84.09%	83.75%	83.74%	83.74%	83.98%	83.97%	84.00%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $595,602K ÷ $681,263K
= 87.43%

Perdoceo Education Corp's gross profit margin has shown a relatively stable trend over the analyzed period, starting at 84.00% in March 2020 and gradually declining to 81.49% by March 2024. During this period, there were fluctuations in the gross profit margin, albeit within a narrow range.

However, a significant spike was observed in the gross profit margin for December 31, 2024, reaching 87.43%. This substantial increase may indicate an improvement in the company's ability to generate revenue after a period of relatively lower margins.

Overall, Perdoceo Education Corp has maintained a high gross profit margin in the range of 81% to 87% over the analyzed period, suggesting efficient cost management and a healthy pricing strategy. Analysts may further investigate the factors contributing to the fluctuation in the gross profit margin to assess the company's operational performance and profitability.