ZoomInfo Technologies Inc (ZI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,061,400 | 909,600 | 610,500 | 368,700 |
| Revenue | US$ in thousands | 1,190,000 | 1,050,400 | 695,600 | 392,000 |
| Gross profit margin | 89.19% | 86.60% | 87.77% | 94.06% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,061,400K ÷ $1,190,000K
= 89.19%
The gross profit margin of ZoomInfo Technologies Inc. has shown a generally positive trend over the past five years. The company's gross profit margin has improved consistently from 83.95% in 2019 to 88.79% in 2023. This upward trajectory indicates that ZoomInfo has been effectively managing its costs of goods sold and maximizing its revenue generation relative to its production costs.
The gradual increase in the gross profit margin suggests that ZoomInfo has been able to enhance its operational efficiency and pricing strategies over the years. This improvement signifies the company's ability to generate more revenue from each dollar of sales, which is a positive indicator of its profitability and financial health.
Overall, the steady growth in ZoomInfo's gross profit margin demonstrates the company's strength in controlling production costs and optimizing sales processes, leading to increased profitability and shareholder value.
Peer comparison
Dec 31, 2023