T-Mobile US Inc (TMUS)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 52,971,000 | 51,927,000 | 52,620,000 | 40,964,000 | 27,806,000 |
| Revenue | US$ in thousands | 77,477,000 | 78,416,000 | 75,841,000 | 64,173,000 | 42,982,000 |
| Gross profit margin | 68.37% | 66.22% | 69.38% | 63.83% | 64.69% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $52,971,000K ÷ $77,477,000K
= 68.37%
The gross profit margin of T-Mobile US Inc has fluctuated over the past five years, ranging from a low of 54.31% in 2021 to a high of 61.57% in 2023. The company experienced a decrease in its gross profit margin from 2020 to 2021, but managed to increase it in the following years. Overall, the gross profit margin has shown some volatility but has generally remained above 50%, indicating that T-Mobile US Inc has been able to effectively manage its costs related to production and sales to generate a healthy level of gross profit relative to its revenue. Additional analysis of the company's cost structure and pricing strategies could provide more insights into the factors driving these fluctuations in the gross profit margin.