Strategic Education Inc (STRA)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 485,318 | 437,791 | 447,135 | 338,365 | 438,222 |
| Revenue | US$ in thousands | 1,135,410 | 1,068,950 | 1,135,240 | 980,332 | 997,137 |
| Gross profit margin | 42.74% | 40.96% | 39.39% | 34.52% | 43.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $485,318K ÷ $1,135,410K
= 42.74%
The gross profit margin of Strategic Education Inc has consistently been 100.00% for the past five years, from 2019 to 2023. A gross profit margin of 100.00% indicates that the company is able to maintain a high level of profitability in its core operations. This suggests that the company is effectively managing its cost of goods sold and generating a substantial margin on its products or services. Such a consistent performance in gross profit margin may be indicative of efficient cost controls, effective pricing strategies, or a competitive advantage in the industry. Overall, the sustained high gross profit margin of 100.00% reflects a strong financial performance in terms of profitability for Strategic Education Inc over the past five years.
Peer comparison
Dec 31, 2023