Sun Country Airlines Holdings Inc (SNCY)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 398,570 | 343,720 | 237,498 | 186,835 |
| Revenue | US$ in thousands | 1,091,830 | 1,007,750 | 861,869 | 596,689 |
| Gross profit margin | 36.50% | 34.11% | 27.56% | 31.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $398,570K ÷ $1,091,830K
= 36.50%
Based on the data provided, the gross profit margin of Sun Country Airlines Holdings Inc has shown varying trends over the years. The gross profit margin was 31.31% as of December 31, 2021, which decreased to 27.56% by December 31, 2022. However, there was a notable improvement in the margin in the following years, with a rise to 34.11% as of December 31, 2023, and further improvement to 36.50% by December 31, 2024.
The increasing trend in the gross profit margin from 2022 to 2024 indicates that the company's ability to generate revenue from its core operations and control direct production costs has improved. This could be attributed to various factors such as increasing operational efficiency, pricing strategies, cost management, or revenue growth outpacing cost increases.
Overall, the rising gross profit margin suggests that Sun Country Airlines Holdings Inc's profitability from its core business activities has been enhancing, indicating positive developments in its financial performance during the period under review.
Peer comparison
Dec 31, 2024