SPS Commerce Inc (SPSC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 427,051 | 354,841 | 297,810 | 253,598 | 212,794 |
| Revenue | US$ in thousands | 637,765 | 536,910 | 450,875 | 385,276 | 312,630 |
| Gross profit margin | 66.96% | 66.09% | 66.05% | 65.82% | 68.07% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $427,051K ÷ $637,765K
= 66.96%
The gross profit margin for SPS Commerce Inc has shown some fluctuations over the years based on the provided data. Starting at 68.07% on December 31, 2020, the margin decreased to 65.82% by December 31, 2021, before slightly increasing to 66.05% by December 31, 2022. There was a further marginal increase to 66.09% by December 31, 2023, and the most significant jump was observed by December 31, 2024, reaching 66.96%.
Overall, the trend indicates some variability in the company's ability to generate profits from its core operations. It is essential to further analyze the factors contributing to these fluctuations to better understand the company's performance and financial health.
Peer comparison
Dec 31, 2024