RadNet Inc (RDNT)

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 1,702,436 1,655,654 1,599,931 1,545,430 1,504,395 1,469,765 1,418,799 1,371,230 1,325,365 1,288,353 1,271,031 1,250,405 1,223,871 1,200,449 1,159,127 1,015,184 981,641 806,623 553,727 406,559
Revenue (ttm) US$ in thousands 1,823,485 1,772,946 1,713,772 1,657,773 1,616,630 1,580,123 1,528,199 1,478,859 1,430,062 1,379,335 1,361,981 1,341,524 1,315,076 1,289,862 1,248,948 1,105,596 1,071,841 1,064,746 1,065,662 1,164,193
Gross profit margin 93.36% 93.38% 93.36% 93.22% 93.06% 93.02% 92.84% 92.72% 92.68% 93.40% 93.32% 93.21% 93.06% 93.07% 92.81% 91.82% 91.58% 75.76% 51.96% 34.92%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,702,436K ÷ $1,823,485K
= 93.36%

RadNet Inc's gross profit margin has shown a consistent upward trend from 34.92% in March 2020 to 93.36% in December 2024. This indicates the company's ability to effectively manage its production costs and generate profit from its core business operations. The increasing trend highlights the company's improving efficiency in manufacturing or delivering its products or services. The stable and high gross profit margin over the years suggests that RadNet Inc has maintained strong pricing strategies and cost control measures, contributing to its overall financial health and profitability.