TripAdvisor Inc (TRIP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,704,000 | 1,639,000 | 1,376,000 | 828,000 | 549,000 |
| Revenue | US$ in thousands | 1,835,000 | 1,788,000 | 1,492,000 | 902,000 | 604,000 |
| Gross profit margin | 92.86% | 91.67% | 92.23% | 91.80% | 90.89% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,704,000K ÷ $1,835,000K
= 92.86%
TripAdvisor Inc's gross profit margin has shown a consistent upward trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 90.89% in 2020, the gross profit margin increased steadily to 92.86% by the end of 2024. This improvement indicates the company's ability to effectively manage its cost of goods sold relative to its sales revenue. The rising trend reflects operational efficiencies, pricing strategies, and potentially better cost controls within the business. A higher gross profit margin suggests that TripAdvisor Inc is generating more profit on each dollar of sales and may be indicative of strong competitive positioning in its industry. The company's ability to sustain and improve its gross profit margin over the years signifies financial stability and effective management of its core business operations.
Peer comparison
Dec 31, 2024