Strategic Education Inc (STRA)

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	569,434	572,720	559,631	536,801	507,928	477,841	457,601	457,596	468,159	473,620	480,086	500,125	523,425	520,680	516,105	500,157	494,992	504,954	502,322	486,441
Revenue (ttm)	US$ in thousands	1,219,930	1,211,176	1,191,154	1,166,568	1,132,924	1,100,160	1,077,347	1,063,231	1,065,480	1,067,641	1,074,596	1,100,205	1,131,686	1,127,081	1,096,029	1,052,687	1,027,653	1,023,931	1,026,652	1,015,931
Gross profit margin		46.68%	47.29%	46.98%	46.02%	44.83%	43.43%	42.47%	43.04%	43.94%	44.36%	44.68%	45.46%	46.25%	46.20%	47.09%	47.51%	48.17%	49.32%	48.93%	47.88%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $569,434K ÷ $1,219,930K
= 46.68%

Strategic Education Inc's gross profit margin has shown mixed trends over the past few years. From March 31, 2020, to September 30, 2021, the company experienced a steady increase in gross profit margin, reaching a peak of 49.32% on September 30, 2020. However, from December 31, 2021, onwards, the trend reversed, with a decline in the gross profit margin.

The gross profit margin decreased to 44.36% on September 30, 2022, the lowest point during the period analyzed. Despite a slight recovery in the following quarters, the gross profit margin remained below the earlier highs. Notably, on December 31, 2024, the gross profit margin was 46.68%, below the levels seen in 2020 and 2021.

Overall, Strategic Education Inc's gross profit margin has shown a decreasing trend in recent periods, indicating potential challenges in maintaining profitability or controlling costs effectively. Continued monitoring of this metric will be crucial to assess the company's financial health and performance.