Despegar.com, Corp. (DESP) Margin Analysis

Despegar.com, Corp.

DESP (NYSE)

(%)

Models
Despegar.com, Corp. Margin Analysis

# --- Years and Quarters
assumptions.set({
    "timeseries": "annual",
    "data": {
        "#years": """
            4
        """,
        "#quarters": """
            8
        """,
    },
    "titles": {
        "#years": "Years",
        "#quarters": "Quarters",
    },
    "properties": {
        "width": "responsive",
        "title": "Years and Quarters",
        "id": "component-1",
        "bindTo": None
    },
    "descriptions": {
        "#years": r"""
The number of historical years used to render the annual chart and tables.
        """,
        "#quarters": r"""
The number of historical quarters used to render the quarterly chart and tables.
        """,
    }
})

# Render description block
model.render_description({
    "data": r"""
## Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.
""",
    "properties": {
        "width": "responsive"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Annual Section

The annual section uses annual data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

# --- Income Statement Margins
data.compute({
    "user:%revenueGrowthRate": """
        ( income:revenue / income:revenue:-1 ) - 1
    """,
    "user:%grossMargin": """
        income:grossProfit / income:revenue
    """,
    "user:%operatingMargin": """
        income:operatingIncome / income:revenue
    """,
    "user:%netMargin": """
        income:netIncome / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

# --- Cash Flow Statement Margins
data.compute({
    "user:%cashFromOperatingActivitiesMargin": """
        flow:netCashProvidedByOperatingActivities / income:revenue
    """,
    "user:%freeCashFlowMargin": """
        flow:freeCashFlow / income:revenue
    """,
    "user:%depreciationAndAmortizationMargin": """
        flow:depreciationAndAmortization / income:revenue
    """,
    "user:%capitalExpenditureMargin": """
        flow:capitalExpenditure / income:revenue
    """,
}, forecast=0, timeseries="annual")

model.render_table({
    "timeseries": "annual",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "include_ltm": True,
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "annual",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#years
    """),
    "end": 0,
    "properties": {
        "title": "Annual Chart",
        "include_ltm": False,
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

# Render description block
model.render_description({
    "data": r"""
## Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.
""",
    "properties": {
        "width": "full"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "user:%revenueGrowthRate": "Revenue Growth Rate",
        "income:costOfRevenue": "Cost of Revenue",
        "income:grossProfit": "Gross Profit",
        "user:%grossMargin": "Gross Margin",
        "income:operatingIncome": "Operating Income",
        "user:%operatingMargin": "Operating Margin",
        "income:netIncome": "Net Income",
        "user:%netMargin": "Net Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Income Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_table({
    "timeseries": "quarterly",
    "data": {
        "income:revenue": "Revenue",
        "flow:netCashProvidedByOperatingActivities": "Cash from Operating Activities",
        "user:%cashFromOperatingActivitiesMargin": "Cash from Operating Activities Margin",
        "flow:freeCashFlow": "Free Cash Flow",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
        "flow:depreciationAndAmortization": "Depreciation and Amortization",
        "user:%depreciationAndAmortizationMargin": "Depreciation and Amortization Margin",
        "flow:capitalExpenditure": "Capital Expenditure",
        "user:%capitalExpenditureMargin": "Capital Expenditure Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Cash Flow Statement Margins",
        "order": "descending",
        "number_format": "M",
        "display_averages": False,
        "width": "responsive"
    }
})

model.render_chart({
    "timeseries": "quarterly",
    "data": {
        "user:%grossMargin": "Gross Margin",
        "user:%operatingMargin": "Operating Margin",
        "user:%netMargin": "Net Margin",
        "user:%freeCashFlowMargin": "Free Cash Flow Margin",
    },
    "start": data.get("""
        -assumption:#quarters
    """),
    "end": 0,
    "properties": {
        "title": "Quarterly Chart",
        "set_editable": [],
        "hidden_keys": [],
        "bar_keys": ["user:%grossMargin", "user:%operatingMargin", "user:%netMargin", "user:%freeCashFlowMargin"],
        "width": "full"
    }
})

Years and Quarters

Years Years The number of historical years used to render the annual chart and tables.	#
Quarters Quarters The number of historical quarters used to render the quarterly chart and tables.	#

Margin Analysis Report

Margins refer to the ratio between a financial report item and the revenue (example: Net Income Margin = Net Income / Revenue).

This analysis provides annual and quarterly sections for reporting key financial margins.

Annual Section

The annual section uses annual data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	LTM Mar 08	2024 Dec 31	2023 Dec 31	2022 Dec 31	2021 Dec 31
Revenue	774.1	774.1	706	538	322.8
Revenue Growth Rate	0%	9.63%	31.24%	66.64%	145.8%
Cost of Revenue	208.1	208.1	228.9	178.4	157
Gross Profit	565.9	565.9	477.1	359.6	165.8
Gross Margin	73.11%	73.11%	67.57%	66.84%	51.37%
Operating Income	123.1	124	64.24	-1.59	-91.1
Operating Margin	15.9%	16.02%	9.1%	-0.296%	-28.22%
Net Income	27.91	27.91	24.49	-68.53	-103.6
Net Margin	3.6%	3.6%	3.47%	-12.74%	-32.09%

Cash Flow Statement Margins

Monetary values in USD amounts except #	LTM Mar 08	2024 Dec 31	2023 Dec 31	2022 Dec 31	2021 Dec 31
Revenue	774.1	774.1	706	538	322.8
Cash from Operating Activities	66.11	64.5	102.7	26.06	-38.21
Cash from Operating Activities Margin	8.54%	8.33%	14.55%	4.84%	-11.83%
Free Cash Flow	29.5	27.68	61.76	-4.6	-59.4
Free Cash Flow Margin	3.81%	3.58%	8.75%	-0.856%	-18.4%
Depreciation and Amortization	45.74	45.74	43.44	41.1	39.53
Depreciation and Amortization Margin	5.91%	5.91%	6.15%	7.64%	12.24%
Capital Expenditure	-36.36	-36.82	-40.97	-30.66	-21.19
Capital Expenditure Margin	-4.7%	-4.76%	-5.8%	-5.7%	-6.56%

Annual Chart

Monetary values in USD

{"sectionId": "section-chart-1", "sectionType": "chart", "title": "Annual Chart", "timeseries": "annual", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2021", "x": "2021-12-31", "y": 51.37}, {"l": "2022", "x": "2022-12-31", "y": 66.84}, {"l": "2023", "x": "2023-12-31", "y": 67.57}, {"l": "2024", "x": "2024-12-31", "y": 73.11}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2021", "x": "2021-12-31", "y": -28.22}, {"l": "2022", "x": "2022-12-31", "y": -0.296}, {"l": "2023", "x": "2023-12-31", "y": 9.1}, {"l": "2024", "x": "2024-12-31", "y": 16.02}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2021", "x": "2021-12-31", "y": -32.09}, {"l": "2022", "x": "2022-12-31", "y": -12.74}, {"l": "2023", "x": "2023-12-31", "y": 3.47}, {"l": "2024", "x": "2024-12-31", "y": 3.61}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2021", "x": "2021-12-31", "y": -18.4}, {"l": "2022", "x": "2022-12-31", "y": -0.856}, {"l": "2023", "x": "2023-12-31", "y": 8.75}, {"l": "2024", "x": "2024-12-31", "y": 3.58}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "annual", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}

Quarterly Section

The quarterly section uses quarterly data to calculate margins and growth rates.

Income Statement Margins

Monetary values in USD amounts except #	2024 (Q4) Dec 31	2024 (Q3) Sep 30	2024 (Q2) Jun 30	2024 (Q1) Mar 31	2023 (Q4) Dec 31	2023 (Q3) Sep 30
Revenue	221.4	193.9	185	173.7	203.7	178.1
Revenue Growth Rate	14.18%	4.8%	6.56%	-14.73%	14.32%
Cost of Revenue	53.64	50.79	51.95	51.76	60.31	57.6
Gross Profit	167.8	143.1	133.1	121.9	143.3	120.5
Gross Margin	75.77%	73.81%	71.92%	70.2%	70.39%	67.67%
Operating Income	31.38	36.63	26.14	28.91	23.03	15.25
Operating Margin	14.17%	18.89%	14.13%	16.65%	11.31%	8.56%
Net Income	-8.26	8.93	13.44	13.8	-2.5	-0.315
Net Margin	-3.73%	4.6%	7.26%	7.95%	-1.23%	-0.177%

Cash Flow Statement Margins

Monetary values in USD amounts except #	2024 (Q4) Dec 31	2024 (Q3) Sep 30	2024 (Q2) Jun 30	2024 (Q1) Mar 31	2023 (Q4) Dec 31	2023 (Q3) Sep 30
Revenue	221.4	193.9	185	173.7	203.7	178.1
Cash from Operating Activities	29.29	26.64	12.75	-2.56	33.66	33.76
Cash from Operating Activities Margin	13.23%	13.73%	6.89%	-1.47%	16.53%	18.95%
Free Cash Flow	20.58	17.09	2.74	-10.91	23.07	23.08
Free Cash Flow Margin	9.29%	8.82%	1.48%	-6.28%	11.33%	12.96%
Depreciation and Amortization	12.83	11.11	10.61	11.19	13.16	8.77
Depreciation and Amortization Margin	5.79%	5.73%	5.73%	6.44%	6.46%	4.92%
Capital Expenditure	-8.71	-9.54	-9.76	-8.35	-10.59	-10.68
Capital Expenditure Margin	-3.94%	-4.92%	-5.27%	-4.81%	-5.2%	-5.99%

Quarterly Chart

Monetary values in USD

{"sectionId": "section-chart-2", "sectionType": "chart", "title": "Quarterly Chart", "timeseries": "quarterly", "series": [{"label": "Gross Margin", "mappingKey": "user:%grossMargin", "data": [{"l": "2023 (Q3)", "x": "2023-09-30", "y": 67.67}, {"l": "2023 (Q4)", "x": "2023-12-31", "y": 70.39}, {"l": "2024 (Q1)", "x": "2024-03-31", "y": 70.2}, {"l": "2024 (Q2)", "x": "2024-06-30", "y": 71.92}, {"l": "2024 (Q3)", "x": "2024-09-30", "y": 73.81}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 75.77}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Operating Margin", "mappingKey": "user:%operatingMargin", "data": [{"l": "2023 (Q3)", "x": "2023-09-30", "y": 8.56}, {"l": "2023 (Q4)", "x": "2023-12-31", "y": 11.31}, {"l": "2024 (Q1)", "x": "2024-03-31", "y": 16.65}, {"l": "2024 (Q2)", "x": "2024-06-30", "y": 14.13}, {"l": "2024 (Q3)", "x": "2024-09-30", "y": 18.89}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 14.17}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Net Margin", "mappingKey": "user:%netMargin", "data": [{"l": "2023 (Q3)", "x": "2023-09-30", "y": -0.177}, {"l": "2023 (Q4)", "x": "2023-12-31", "y": -1.23}, {"l": "2024 (Q1)", "x": "2024-03-31", "y": 7.95}, {"l": "2024 (Q2)", "x": "2024-06-30", "y": 7.26}, {"l": "2024 (Q3)", "x": "2024-09-30", "y": 4.6}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": -3.73}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}, {"label": "Free Cash Flow Margin", "mappingKey": "user:%freeCashFlowMargin", "data": [{"l": "2023 (Q3)", "x": "2023-09-30", "y": 12.96}, {"l": "2023 (Q4)", "x": "2023-12-31", "y": 11.33}, {"l": "2024 (Q1)", "x": "2024-03-31", "y": -6.28}, {"l": "2024 (Q2)", "x": "2024-06-30", "y": 1.48}, {"l": "2024 (Q3)", "x": "2024-09-30", "y": 8.82}, {"l": "2024 (Q4)", "x": "2024-12-31", "y": 9.29}], "dataType": "%", "displayAs": "bar", "dataTimeseries": "quarterly", "hidden": false}], "editableDates": {}, "properties": {"display_table": false}, "width": "full"}