Peabody Energy Corp (BTU)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,283,400 | 4,317,100 | 2,856,600 | 913,300 | 3,752,300 |
| Revenue | US$ in thousands | 4,946,700 | 4,981,900 | 3,318,300 | 2,881,100 | 4,623,400 |
| Gross profit margin | 86.59% | 86.66% | 86.09% | 31.70% | 81.16% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,283,400K ÷ $4,946,700K
= 86.59%
The gross profit margin of Peabody Energy Corp has displayed varying trends over the five-year period from 2019 to 2023. In 2019, the gross profit margin stood at a relatively high level of 81.16%, signaling strong profitability in the company's operations. However, there was a considerable drop in the gross profit margin in 2020, decreasing to 31.70%, which may indicate challenges faced by the company during that period.
Subsequently, from 2021 to 2023, Peabody Energy Corp managed to significantly increase its gross profit margin, reaching levels above 86%. This improvement suggests enhanced efficiency in managing production costs and generating higher revenues relative to the cost of goods sold. The consistency in maintaining high gross profit margins in recent years reflects favorable performance and profitability in the company's core business activities.
Peer comparison
Dec 31, 2023