Verisk Analytics Inc (VRSK)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,700,600	1,534,500	1,814,100	1,652,200	1,500,200
Revenue	US$ in thousands	2,577,100	2,359,100	2,871,900	2,646,100	2,477,000
Gross profit margin		65.99%	65.05%	63.17%	62.44%	60.57%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,700,600K ÷ $2,577,100K
= 65.99%

Verisk Analytics Inc has demonstrated a consistent improvement in its gross profit margin over the past five years, with the margin increasing from 62.53% in 2019 to 67.31% in 2023. This upward trend suggests that the company has been effectively managing its cost of goods sold and/or increasing its pricing strategies to generate higher profitability from its core operations. The steady growth in gross profit margin indicates that Verisk Analytics Inc has been able to maintain a healthy balance between its revenues and cost of goods sold, which is a positive signal for the company's financial health and operational efficiency.