Thryv Holdings Inc (THRY)
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 | 537,237 | 573,920 | 565,583 | 577,080 | 578,247 | 597,442 | 669,437 | 737,334 | 780,382 | 752,807 | 770,291 | 720,749 | 705,339 | 713,182 | 673,037 | 687,604 | 724,108 | 764,313 | 855,560 | 913,574 |
| Revenue (ttm) | US$ in thousands | 824,156 | 873,723 | 877,693 | 905,030 | 916,961 | 960,166 | 1,056,994 | 1,139,568 | 1,202,388 | 1,167,459 | 1,184,099 | 1,141,151 | 1,113,382 | 1,115,871 | 1,058,906 | 1,071,471 | 1,109,435 | 1,154,858 | 1,274,299 | 1,349,703 |
| Gross profit margin | 65.19% | 65.69% | 64.44% | 63.76% | 63.06% | 62.22% | 63.33% | 64.70% | 64.90% | 64.48% | 65.05% | 63.16% | 63.35% | 63.91% | 63.56% | 64.17% | 65.27% | 66.18% | 67.14% | 67.69% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $537,237K ÷ $824,156K
= 65.19%
Thryv Holdings Inc's gross profit margin has exhibited fluctuations over the past several quarters, ranging from a high of 67.69% on March 31, 2020, to a low of 62.22% on September 30, 2023. During this period, the trend generally shows a gradual decline in the gross profit margin, with some intermittent increases observed.
The company's gross profit margin decreased from 67.69% on March 31, 2020, to 63.06% on December 31, 2023, representing a drop of approximately 4.63 percentage points over this period. This decline may indicate reduced profitability in generating revenue from its core business operations.
However, there are instances of improvement in the gross profit margin as well, such as the increases observed on June 30, 2022, and September 30, 2024, reaching 65.05% and 65.69%, respectively. These improvements suggest that the company may have implemented strategies to enhance its cost efficiency and revenue generation during those particular quarters.
Overall, while Thryv Holdings Inc's gross profit margin has experienced fluctuations, it is essential for the company to closely monitor and manage its cost structures, pricing strategies, and operational efficiency to ensure sustainable profitability and financial performance in the future.