Qualys Inc (QLYS)
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 | 446,973 | 432,634 | 416,946 | 401,246 | 386,935 | 369,886 | 352,772 | 336,075 | 321,733 | 309,261 | 299,256 | 291,045 | 283,737 | 277,658 | 270,771 | 262,224 | 252,090 | 241,264 | 230,848 | 221,361 |
Revenue (ttm) | US$ in thousands | 554,458 | 540,737 | 524,302 | 506,986 | 489,723 | 468,654 | 448,027 | 427,836 | 411,172 | 396,193 | 384,328 | 373,456 | 362,963 | 352,826 | 342,428 | 332,527 | 321,607 | 311,143 | 300,130 | 289,354 |
Gross profit margin | 80.61% | 80.01% | 79.52% | 79.14% | 79.01% | 78.93% | 78.74% | 78.55% | 78.25% | 78.06% | 77.86% | 77.93% | 78.17% | 78.70% | 79.07% | 78.86% | 78.38% | 77.54% | 76.92% | 76.50% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $446,973K ÷ $554,458K
= 80.61%
Qualys Inc has shown a consistent improvement in its gross profit margin over the past eight quarters, reflecting strong operational efficiency and effective cost management. The company's gross profit margin has gradually increased from 78.55% in Q1 2022 to 80.61% in Q4 2023. This upward trend indicates that Qualys has been able to effectively control its cost of goods sold while generating higher revenue.
The company has been able to maintain a high level of gross profit margin above 78%, indicating that Qualys has a strong pricing strategy and effective control over its production costs. This trend is a positive sign for investors and stakeholders as it suggests that the company is efficiently converting its revenue into gross profit.
Overall, Qualys Inc's gross profit margin analysis shows that the company is effectively managing its cost structure and is likely focused on improving profitability. This trend reflects positively on the company's financial health and strategic direction.
Peer comparison
Dec 31, 2023