Alaska Air Group Inc (ALK)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,361,000 | 2,463,000 | 1,662,000 | 1,354,000 | -414,000 |
| Revenue | US$ in thousands | 11,735,000 | 10,426,000 | 9,646,000 | 6,176,000 | 3,566,000 |
| Gross profit margin | 20.12% | 23.62% | 17.23% | 21.92% | -11.61% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,361,000K ÷ $11,735,000K
= 20.12%
The gross profit margin of Alaska Air Group Inc has shown fluctuations over the past five years.
As of December 31, 2020, the gross profit margin was negative at -11.61%, indicating that the company's cost of goods sold exceeded its revenue from sales. However, there has been a significant improvement in the following years. By December 31, 2021, the gross profit margin had improved to 21.92%, reflecting a notable increase in profitability.
In the subsequent years, the gross profit margin continued to demonstrate variability. By December 31, 2022, it stood at 17.23%, showing a slight decline from the previous year. However, the company managed to enhance its profitability by December 31, 2023, with a gross profit margin of 23.62%, marking a significant improvement.
By December 31, 2024, the gross profit margin of Alaska Air Group Inc was recorded at 20.12%, suggesting a slight decrease compared to the preceding year. Overall, the company's gross profit margin has exhibited fluctuations, with notable improvements in certain years. It is crucial for the company to maintain consistency in managing its cost of goods sold and revenues to sustain and further enhance its profitability.
Peer comparison
Dec 31, 2024