Thryv Holdings Inc (THRY)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | -259,295 | 54,348 | 101,577 | 149,221 | 35,504 |
| Revenue | US$ in thousands | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 | 1,421,370 |
| Net profit margin | -28.28% | 4.52% | 9.12% | 13.45% | 2.50% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $-259,295K ÷ $916,961K
= -28.28%
Thryv Holdings Inc's net profit margin has shown a declining trend over the past four years. The net profit margin was -28.28% as of December 31, 2023, indicating that the company incurred a loss relative to its revenue. This represents a significant decrease from the previous year's net profit margin of 4.52%.
In the previous years, Thryv Holdings Inc had more positive net profit margins, with 9.12% as of December 31, 2021, and 13.45% as of December 31, 2020. This suggests that the company was more effective in generating profits relative to its revenue in those years compared to the most recent years.
The negative net profit margin in 2023 could be a cause for concern as it indicates that the company's expenses exceeded its revenue. It may be important for Thryv Holdings Inc to closely evaluate its cost structure and revenue-generating strategies to improve profitability and return to positive net profit margins in the future.