Ball Corporation (BALL)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,153,000 | 2,261,000 | 2,281,000 | 2,457,000 | 2,575,000 | 2,394,000 | 2,393,000 | 2,432,000 | 2,583,000 | 2,758,000 | 2,784,000 | 2,794,000 | 2,726,000 | 2,687,000 | 2,648,000 | 2,520,000 | 2,458,000 | 2,364,000 | 2,291,000 | 2,309,000 |
| Revenue (ttm) | US$ in thousands | 11,801,000 | 12,324,000 | 12,813,000 | 13,401,000 | 13,521,000 | 13,666,000 | 14,046,000 | 14,614,000 | 15,349,000 | 15,475,000 | 15,077,000 | 14,402,000 | 13,811,000 | 13,239,000 | 12,779,000 | 12,121,000 | 11,781,000 | 11,398,000 | 11,258,000 | 11,474,000 |
| Gross profit margin | 18.24% | 18.35% | 17.80% | 18.33% | 19.04% | 17.52% | 17.04% | 16.64% | 16.83% | 17.82% | 18.47% | 19.40% | 19.74% | 20.30% | 20.72% | 20.79% | 20.86% | 20.74% | 20.35% | 20.12% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,153,000K ÷ $11,801,000K
= 18.24%
The gross profit margin of Ball Corporation has shown fluctuations over the past few years, ranging from a high of 20.86% on December 31, 2020, to a low of 16.64% on March 31, 2023. The trend indicates a gradual decline in the gross profit margin from the end of 2020 to the end of 2023, followed by a slight recovery in 2024.
The company's gross profit margin was relatively stable around the 20% mark from 2020 to 2021 but started to decrease more noticeably from March 31, 2022, onwards. This decline continued until March 31, 2023, when it reached the lowest point during the period analyzed. However, there was a rebound in the gross profit margin by December 31, 2024, although it did not reach the levels seen in 2020 and early 2021.
Overall, the decreasing trend in the gross profit margin of Ball Corporation from 2022 to 2023 may indicate challenges in managing costs or pricing pressures. The subsequent recovery in 2024 suggests potential adjustments made by the company to improve profitability, although it has not fully recovered to previous levels. Further analysis of the company's cost structure and pricing strategies may provide insights into the drivers behind these fluctuations in the gross profit margin.
Peer comparison
Dec 31, 2024