Thryv Holdings Inc (THRY)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | -200,017 | 261,604 | 190,013 | 152,013 | 152,892 |
| Revenue | US$ in thousands | 916,961 | 1,202,390 | 1,113,380 | 1,109,440 | 1,421,370 |
| Operating profit margin | -21.81% | 21.76% | 17.07% | 13.70% | 10.76% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $-200,017K ÷ $916,961K
= -21.81%
The operating profit margin of Thryv Holdings Inc has shown a downward trend over the past three years, decreasing from 17.39% in 2021 to 7.51% in 2023. This decline indicates that the company's ability to generate profits from its core operations has weakened over time. Factors contributing to this decrease may include rising operating expenses, declining sales prices, or inefficiencies in cost management. It is important for Thryv Holdings Inc to closely monitor and address the underlying reasons for the decline in operating profit margin to sustain long-term profitability and financial health.