Brinks Company (BCO)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	885,400	873,100	825,900	714,600	745,900
Revenue	US$ in thousands	4,592,500	4,335,000	4,061,700	3,591,900	3,578,000
Gross profit margin		19.28%	20.14%	20.33%	19.89%	20.85%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $885,400K ÷ $4,592,500K
= 19.28%

Brink's Co. has demonstrated relatively stable gross profit margins over the past five years, with margins ranging from 22.04% to 23.95%. The company's ability to maintain gross profit margins above 20% indicates effective cost management and pricing strategies, contributing to its profitability. The slight fluctuations in gross profit margin suggest consistent control over production costs and pricing structures. Overall, Brink's Co. has sustained healthy margins, reflecting its efficiency in generating profits from its core operations.