Yelp Inc (YELP)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 419,799 | 1,099,820 | 962,463 | 823,593 | 956,570 |
| Revenue | US$ in thousands | 1,350,660 | 1,205,530 | 1,040,560 | 880,779 | 1,018,980 |
| Gross profit margin | 31.08% | 91.23% | 92.49% | 93.51% | 93.88% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $419,799K ÷ $1,350,660K
= 31.08%
The gross profit margin of Yelp Inc has been generally stable over the past five years, ranging from 91.14% in 2022 to 93.85% in 2019. This indicates that the company has been able to effectively control its direct costs related to the production of goods or services. The slight fluctuations in the gross profit margin suggest that Yelp Inc has been able to maintain a high level of profitability relative to its revenue during this period. However, a decreasing trend in the gross profit margin may warrant further investigation into the company's cost structure and pricing strategies to ensure sustained profitability in the long run.
Peer comparison
Dec 31, 2023