Ball Corporation (BALL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,441,000 | 2,670,000 | 2,583,000 | 2,726,000 | 2,458,000 |
| Revenue | US$ in thousands | 11,795,000 | 14,029,000 | 15,349,000 | 13,811,000 | 11,781,000 |
| Gross profit margin | 20.70% | 19.03% | 16.83% | 19.74% | 20.86% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,441,000K ÷ $11,795,000K
= 20.70%
The gross profit margin of Ball Corporation has shown some fluctuations over the past five years. In December 2020, the gross profit margin was 20.86%, which decreased slightly to 19.74% by December 2021. There was a more significant decline in December 2022, where the margin decreased to 16.83%. However, in December 2023, there was a recovery as the margin increased to 19.03%. Finally, by December 2024, the gross profit margin improved further to 20.70%.
Overall, the trend in the gross profit margin indicates some volatility in the company's ability to generate profits from its core business activities. It is essential for Ball Corporation to closely monitor and manage its cost of goods sold and pricing strategies to maintain and improve its gross profit margin over time.
Peer comparison
Dec 31, 2024