Verisk Analytics Inc (VRSK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 505,100 | 1,804,900 | 1,672,400 | 1,940,800 | 1,790,700 |
| Revenue | US$ in thousands | 735,600 | 2,681,400 | 2,497,000 | 2,998,600 | 2,784,600 |
| Gross profit margin | 68.67% | 67.31% | 66.98% | 64.72% | 64.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $505,100K ÷ $735,600K
= 68.67%
Verisk Analytics Inc's gross profit margin has shown a positive trend over the years, indicating an improving profitability in its core operations. The margin has increased steadily from 64.31% as of December 31, 2020, to 68.67% as of December 31, 2024. This upward trajectory suggests that the company has been successful in managing its cost of goods sold and increasing efficiency in generating revenue from its products and services. The consistent growth in gross profit margin reflects positively on Verisk Analytics Inc's ability to control production costs and maintain strong pricing power in the market. Overall, the trend in the gross profit margin for Verisk Analytics Inc demonstrates a sound financial performance and operational efficiency.
Peer comparison
Dec 31, 2024