Upbound Group Inc. (UPBD)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,022,258 | 2,005,015 | 2,013,384 | 2,039,702 | 2,079,533 | 2,152,431 | 2,215,656 | 2,270,584 | 2,235,012 | 2,094,169 | 1,950,437 | 1,762,497 | 1,672,152 | 1,655,876 | 1,630,844 | 1,639,383 | 1,644,071 | 1,652,497 | 1,660,241 | 1,676,056 |
| Revenue (ttm) | US$ in thousands | 3,992,411 | 3,964,780 | 4,009,642 | 4,101,739 | 4,245,399 | 4,426,370 | 4,583,680 | 4,706,400 | 4,583,460 | 4,128,521 | 3,659,266 | 3,149,032 | 2,814,191 | 2,765,562 | 2,702,918 | 2,675,097 | 2,669,852 | 2,663,740 | 2,659,311 | 2,659,116 |
| Gross profit margin | 50.65% | 50.57% | 50.21% | 49.73% | 48.98% | 48.63% | 48.34% | 48.24% | 48.76% | 50.72% | 53.30% | 55.97% | 59.42% | 59.87% | 60.34% | 61.28% | 61.58% | 62.04% | 62.43% | 63.03% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,022,258K ÷ $3,992,411K
= 50.65%
The gross profit margin of Upbound Group Inc. has shown a fluctuating trend over the past few years, ranging from 48.24% to 63.03%. The company experienced a significant increase in gross profit margin from 2019 to 2021, with margins ranging from 59.42% to 63.03%. However, in more recent quarters, the gross profit margin has slightly declined, hovering around the 50% mark.
While the gross profit margin is above 50% in the most recent quarters, it is essential for the company to closely monitor this metric to ensure operational efficiency and pricing strategies are optimized. Factors such as cost management, pricing decisions, and changes in sales volume can influence the gross profit margin. Further analysis of cost structures and revenue streams may be necessary to understand the drivers behind the fluctuations in the gross profit margin observed in the financial data.
Peer comparison
Dec 31, 2023