Vir Biotechnology Inc (VIR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 73,360 | 83,415 | 1,434,150 | 1,021,200 | 76,368 |
| Revenue | US$ in thousands | 74,205 | 86,180 | 1,580,470 | 1,087,070 | 76,368 |
| Gross profit margin | 98.86% | 96.79% | 90.74% | 93.94% | 100.00% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $73,360K ÷ $74,205K
= 98.86%
Based on the data provided for Vir Biotechnology Inc's gross profit margin over the years, the company has shown a decreasing trend from 100.00% as of December 31, 2020, to 98.86% as of December 31, 2024.
This trend indicates that while the company has maintained a high level of gross profit margin overall, there has been a slight decline in the percentage of revenue retained after accounting for the cost of goods sold.
The decreasing trend in gross profit margin could be due to various factors such as changes in the cost of production, pricing strategies, or shifts in sales mix. It would be important for the company to further analyze the drivers behind this trend to ensure sustainable profitability and operational efficiency in the future.
Peer comparison
Dec 31, 2024