Thryv Holdings Inc (THRY)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 578,247 | 780,382 | 705,339 | 742,739 | 945,019 |
| Revenue | US$ in thousands | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 | 1,421,370 |
| Gross profit margin | 63.06% | 64.90% | 63.35% | 66.95% | 66.49% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $578,247K ÷ $916,961K
= 63.06%
Thryv Holdings Inc's gross profit margin has shown some fluctuations over the past four years. The margin decreased from 66.95% in 2020 to 63.35% in 2021 before increasing to 64.90% in 2022. However, in 2023, there was a slight decline to 63.06%. These variations indicate changes in the company's ability to generate profit from its core operations after deducting the cost of goods sold. Further analysis and comparison with industry benchmarks would be necessary to fully assess the significance of these trends.