Berry Global Group Inc (BERY)
Gross profit margin
| 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 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 985,000 | 995,000 | 959,000 | 1,052,000 | 1,103,000 | 1,170,000 | 1,239,000 | 1,279,000 | 1,296,000 | 1,207,000 | 1,214,000 | 1,206,000 | 1,281,000 | 1,642,000 | 1,937,000 | 2,188,000 | 2,408,000 | 2,250,000 | 1,998,000 | 1,786,000 |
| Revenue (ttm) | US$ in thousands | 12,315,000 | 12,212,000 | 12,280,000 | 12,492,000 | 12,699,000 | 13,065,000 | 13,562,000 | 14,049,000 | 14,561,000 | 14,740,000 | 14,689,000 | 14,284,000 | 13,848,000 | 13,189,000 | 12,423,000 | 12,027,000 | 11,706,000 | 11,717,000 | 10,745,000 | 9,721,000 |
| Gross profit margin | 8.00% | 8.15% | 7.81% | 8.42% | 8.69% | 8.96% | 9.14% | 9.10% | 8.90% | 8.19% | 8.26% | 8.44% | 9.25% | 12.45% | 15.59% | 18.19% | 20.57% | 19.20% | 18.59% | 18.37% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $985,000K ÷ $12,315,000K
= 8.00%
Berry Global Group Inc's gross profit margin has shown some fluctuation over the past few quarters. It ranged from a low of 7.81% in March 2024 to a high of 20.57% in December 2019. The trend seems to have declined overall from 2021 to 2024, with a significant decrease from 15.59% in March 2021 to 8.00% in September 2024. While there was a slight improvement in the margin from June 2023 to March 2024, it still remained relatively low compared to prior periods. Further analysis of the factors influencing the gross profit margin fluctuations would be necessary to understand the company's performance and profitability in more detail.
Peer comparison
Sep 30, 2024