Privia Health Group Inc (PRVA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 176,853 | 161,501 | 134,782 | 63,662 | 82,582 |
| Revenue | US$ in thousands | 1,736,390 | 1,657,740 | 1,356,660 | 966,220 | 817,075 |
| Gross profit margin | 10.19% | 9.74% | 9.93% | 6.59% | 10.11% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $176,853K ÷ $1,736,390K
= 10.19%
Based on the data provided, Privia Health Group Inc's gross profit margin has fluctuated over the past five years. In December 2020, the gross profit margin stood at 10.11%, indicating that the company retained 10.11% of its revenue after accounting for the cost of goods sold.
However, the margin decreased to 6.59% by December 2021, implying a significant decline in profitability during that period. The company managed to improve its gross profit margin to 9.93% by December 2022, showing a recovery in profitability.
In the following year, by December 2023, the gross profit margin slightly decreased to 9.74%, indicating a minor decrease in efficiency in managing production costs. Finally, by December 2024, the gross profit margin improved to 10.19%, surpassing the margin seen in 2020.
Overall, the company experienced some fluctuations in its gross profit margin over the years, with periods of decline and recovery. It is essential for Privia Health Group Inc to continue monitoring and managing its cost of goods sold to ensure sustained profitability in the future.
Peer comparison
Dec 31, 2024