Qualys Inc (QLYS)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	446,973	386,935	321,733	283,737	252,090
Revenue	US$ in thousands	554,458	489,723	411,172	362,963	321,607
Gross profit margin		80.61%	79.01%	78.25%	78.17%	78.38%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $446,973K ÷ $554,458K
= 80.61%

Qualys Inc has demonstrated a consistent and relatively strong gross profit margin over the past five years. The company's gross profit margin has shown a gradual improvement from 78.38% in 2019 to 80.61% in 2023. This increase indicates that Qualys Inc has been effectively managing its production costs and achieving higher margins on its products or services. The steady growth in gross profit margin suggests that the company's pricing strategies, cost controls, and operational efficiency have been successful in generating increased profitability. Overall, Qualys Inc's gross profit margin trend reflects a positive trajectory and indicates a healthy financial performance.