Ball Corporation (BALL)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 1,482,000 1,497,000 1,765,000 1,477,000 1,775,000
Revenue US$ in thousands 13,557,000 15,054,000 13,623,000 11,567,000 11,319,000
Gross profit margin 10.93% 9.94% 12.96% 12.77% 15.68%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,482,000K ÷ $13,557,000K
= 10.93%

The gross profit margin of Ball Corp. has shown variability over the past five years, with the highest margin recorded in 2020 at 20.86% and the lowest margin in 2022 at 16.83%. In 2023, the gross profit margin increased to 19.03% from the previous year.

The gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of the company in managing production costs. A higher gross profit margin typically suggests that the company is effectively controlling its cost of goods sold relative to its revenue.

The fluctuations in Ball Corp.'s gross profit margin may be attributed to various factors such as changes in input costs, pricing strategies, or production efficiencies. It is important for the company to monitor and analyze these changes to ensure sustainable profitability and operational efficiency.

Overall, while the gross profit margin of Ball Corp. has shown some variation in recent years, the company's ability to maintain margins above 19% indicates a generally healthy level of operational performance and cost management.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Ball Corporation
BALL
10.93%
Crown Holdings Inc
CCK
1.47%
Silgan Holdings Inc
SLGN
17.07%