Shenandoah Telecommunications Co (SHEN)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	199,946	181,278	159,825	142,940	132,572
Revenue	US$ in thousands	328,058	287,379	267,371	245,239	220,775
Gross profit margin		60.95%	63.08%	59.78%	58.29%	60.05%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $199,946K ÷ $328,058K
= 60.95%

The gross profit margin of Shenandoah Telecommunications Co has displayed some fluctuations over the past five years. As of December 31, 2020, the gross profit margin stood at 60.05%, indicating that for every dollar of revenue, the company retained 60.05 cents after accounting for the cost of goods sold.

In the subsequent years, there were slight declines in the gross profit margin, with values of 58.29% on December 31, 2021, and 59.78% on December 31, 2022. However, the trend reversed in the following years, showing improvement.

On December 31, 2023, the gross profit margin increased significantly to 63.08%, suggesting improved efficiency in the company's production process or better pricing strategies. The margin remained strong in the most recent year, December 31, 2024, at 60.95%.

Overall, while the gross profit margin experienced some variability, the general trend indicates that Shenandoah Telecommunications Co has managed to maintain healthy levels of profitability over the analyzed period.