Upbound Group Inc. (UPBD)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,080,350 | 2,022,260 | 2,079,530 | 2,235,010 | 1,672,150 |
| Revenue | US$ in thousands | 4,320,560 | 3,992,410 | 4,245,390 | 4,583,450 | 2,814,190 |
| Gross profit margin | 48.15% | 50.65% | 48.98% | 48.76% | 59.42% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,080,350K ÷ $4,320,560K
= 48.15%
Based on the provided data, the gross profit margin of Upbound Group Inc. has shown some fluctuations over the years.
- In December 2020, the gross profit margin was 59.42%, indicating that the company retained around 59.42% of its revenue after accounting for the cost of goods sold.
- By December 2021, the gross profit margin decreased to 48.76%, suggesting a decline in the company's ability to generate profits after deducting direct production costs.
- In December 2022, the gross profit margin slightly increased to 48.98%, indicating a stabilization in profitability, but at a level lower than in 2020.
- The following year, December 2023, saw a further improvement in the gross profit margin to 50.65%, indicating an increase in the efficiency of the company's production process or pricing strategies.
- However, by December 2024, the gross profit margin dropped to 48.15%, which may signal challenges in controlling production costs or changes in pricing dynamics affecting profitability.
Overall, the trend in Upbound Group Inc.'s gross profit margin shows some variability, with periods of improvement and decline. It is essential for the company to closely monitor and manage its cost structure and pricing strategies to sustain profitability and ensure long-term financial health.
Peer comparison
Dec 31, 2024