Brinks Company (BCO)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,268,800 | 1,167,500 | 1,073,600 | 964,400 | 813,600 |
| Revenue | US$ in thousands | 5,011,900 | 4,874,600 | 4,535,500 | 4,200,200 | 3,690,900 |
| Gross profit margin | 25.32% | 23.95% | 23.67% | 22.96% | 22.04% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,268,800K ÷ $5,011,900K
= 25.32%
Based on the data provided, Brinks Company's gross profit margin has shown a positive trend over the past five years. The trend indicates an improvement in the company's ability to generate gross profit from its revenue.
In December 31, 2020, the gross profit margin was recorded at 22.04%, which increased to 22.96% by December 31, 2021. This improvement continued with the margin reaching 23.67% by December 31, 2022, and further increasing to 23.95% by December 31, 2023. The most significant increase was seen by December 31, 2024, where the gross profit margin reached 25.32%.
This consistent improvement in the gross profit margin reflects positively on Brinks Company's operational efficiency and pricing strategy. It suggests that the company is effectively managing its production costs or product pricing to enhance its profitability.
Overall, the increasing trend in Brinks Company's gross profit margin indicates a favorable financial performance and efficiency in generating profits from its core operations over the years.
Peer comparison
Dec 31, 2024