Thryv Holdings Inc (THRY)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 537,237 | 578,247 | 780,382 | 705,339 | 742,739 |
| Revenue | US$ in thousands | 824,156 | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 |
| Gross profit margin | 65.19% | 63.06% | 64.90% | 63.35% | 66.95% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $537,237K ÷ $824,156K
= 65.19%
Thryv Holdings Inc's gross profit margin has shown some fluctuations over the past five years. In 2020, the gross profit margin reached its highest point at 66.95%, indicating the company was able to generate significant revenue after deducting the direct costs associated with producing goods or services. However, there was a slight decline in 2021 to 63.35%, which rebounded to a similar level of 64.90% in 2022. In the following years, the gross profit margin remained relatively stable at around 63.06%.
Overall, despite some variation, Thryv Holdings Inc has maintained a relatively healthy gross profit margin above 60% in the last five years, indicating efficient cost management and pricing strategies. It is essential for the company to continue monitoring and optimizing its cost structure to sustain profitability and operational efficiency in the future.