Verisk Analytics Inc (VRSK)

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	1,700,600	1,404,100	1,437,600	1,479,800	1,534,400	1,867,600	1,867,000	1,849,700	1,814,500	1,762,300	1,725,400	1,683,000	1,671,800	1,238,200	1,189,900	1,160,500	1,104,700	1,375,300	1,376,200	1,375,700
Revenue (ttm)	US$ in thousands	2,577,100	2,105,700	2,168,700	2,240,100	2,359,000	2,906,100	2,924,100	2,925,600	2,872,300	2,815,400	2,753,200	2,681,700	2,665,800	2,626,400	2,581,000	2,558,500	2,476,400	2,316,300	2,293,500	2,272,700
Gross profit margin		65.99%	66.68%	66.29%	66.06%	65.04%	64.26%	63.85%	63.22%	63.17%	62.60%	62.67%	62.76%	62.71%	47.14%	46.10%	45.36%	44.61%	59.37%	60.00%	60.53%

December 31, 2023 calculation

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

Verisk Analytics Inc's gross profit margin has shown a generally positive trend over the past eight quarters, starting at 64.70% in Q1 2022 and consistently increasing to reach 67.31% in Q4 2023. This indicates the company's ability to efficiently generate profits from its core business operations. The gradual improvement in gross profit margin reflects effective cost control measures, pricing strategies, and potential economies of scale. Overall, the increasing trend in gross profit margin suggests that Verisk Analytics Inc has been effectively managing its costs while maintaining stable or increasing revenues over the analyzed period.