Vericel Corp Ord (VCEL)

Gross profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Gross profit	US$ in thousands	172,107	135,576	109,788	106,025	84,228
Revenue	US$ in thousands	237,224	197,516	164,365	156,184	124,179
Gross profit margin		72.55%	68.64%	66.80%	67.88%	67.83%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $172,107K ÷ $237,224K
= 72.55%

Vericel Corp Ord has shown a relatively stable gross profit margin over the past five years, ranging from 66.80% in December 2022 to 72.55% in December 2024. The trend indicates a consistent ability to efficiently generate profits from its core operations. In particular, the significant increase to 72.55% in December 2024 suggests an improvement in cost management or a positive shift in product pricing strategies. Overall, Vericel Corp Ord's gross profit margin reflects a strong operational performance and effective cost control measures, contributing to the company's financial stability.