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Gross Profit Margin for Inseego Corp

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INSG: Inseego Corp

Inseego Corp. engages in the design and development of cloud-managed wireless wide area network (WAN) and intelligent edge solutions for businesses, consumers, and governments in the United Stated, Eu...

9.36 USD
Price
USD
Fair Value
Upside
2.22 - 20.67
52-week range

Analysis

Fiscal Years
Trailing Twelve Months
Fiscal Halfs
Fiscal Quarters
Daily
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The following section summarizes insights on Inseego Corp's Gross Profit Margin:

Dec 2016Dec 2018Dec 2020Dec 2022Dec 202420.0%25.0%30.0%35.0%40.0%45.0%

Performance Summary
  • Inseego's latest twelve months gross profit margin is 36.0%
  • Inseego's gross profit margin for fiscal years ending December 2020 to 2024 averaged 28.5%.
  • Inseego's operated at median gross profit margin of 28.9% from fiscal years ending December 2020 to 2024.
  • Looking back at the last 5 years, Inseego's gross profit margin peaked in December 2024 at 36.0%.
  • Inseego's gross profit margin hit its 5-year low in December 2023 of 21.4%.
  • Inseego's gross profit margin decreased in 2020 (28.9%, -0.7%), 2021 (28.9%, -0.0%), 2022 (27.3%, -5.7%), and 2023 (21.4%, -21.6%) and increased in 2024 (36.0%, +68.2%).

How does Inseego's Gross Profit Margin benchmark against competitors?

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We've identified the following companies as similar to Inseego Corp because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Metric Usage: Gross Profit Margin

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gp_margin
Slug
number
Datatype
text
Format
current
Default Period
FY, Q, LTM, YTD
Periods Supported
Free
Plan

To view the full list of supported financial metrics please see Complete Metrics Listing.

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Metrics similar to Gross Profit Margin in the efficiency category include:

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Gross Profit Margin

Gross profit expressed as a percent of revenue.

Definition of Gross Profit Margin

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The gross profit margin measures a company’s gross profit as a percentage of the revenue. The formula to calculate gross profit margin and an example calculation for Inseego’s trailing twelve months is outlined below:

Gross Profit Margin  = Gross Profit / Total Revenue
36.0% = 68.797 M  /  191.2 M

The tables below summarizes Inseego’s performance over the last five years:

Fiscal YearGross ProfitRevenueMargin
2020-12-3190.843 M313.8 M28.9%
2021-12-3175.925 M262.4 M28.9%
2022-12-3166.909 M245.3 M27.3%
2023-12-3135.776 M167.3 M21.4%
2024-12-3168.797 M191.2 M36.0%

The tables below summarizes Inseego’s performance over the last four quarters:

Quarter EndingGross ProfitRevenueMargin
2024-03-3117.392 M45.009 M38.6%
2024-06-3014.661 M44.116 M33.2%
2024-09-3018.8 M54.032 M34.8%
2024-12-3117.944 M48.087 M37.3%

You can read more about Gross Profit here.


Click the link below to download a spreadsheet with an example Gross Profit Margin calculation for Inseego Corp below:

Sector Benchmark Analysis

Sector
Industry Group
Industry
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-62.6%-17.6%27.4%102.1%2060100140

The chart above depicts the distribution of gross profit margin for companies operating in the Information Technology sector in the Developed economic region. Over 2,485 companies were considered in this analysis, and 2,431 had meaningful values. The average gross profit margin of companies in the sector is 42.5% with a standard deviation of 27.1%.

Inseego Corp's Gross Profit Margin of 36.0% ranks in the 45.1% percentile for the sector. The following table provides additional summary stats:

Gross Profit Margin In The Information Technology Sector
Economic Risk RegionDeveloped
Total Constituents2,490
Included Constituents2,431
Min-63.2%
Max100.0%
Median39.7%
Mean42.5%
Standard Deviation27.1%

You can find companies with similar gross profit margin using this stock screener.

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