Crown Holdings Inc (CCK)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 170,000 | 329,000 | -1,119,000 | 1,912,000 | 1,826,000 |
| Revenue | US$ in thousands | 11,532,000 | 12,632,000 | 11,118,000 | 11,274,000 | 11,665,000 |
| Gross profit margin | 1.47% | 2.60% | -10.06% | 16.96% | 15.65% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $170,000K ÷ $11,532,000K
= 1.47%
Crown Holdings, Inc.'s gross profit margin has shown some fluctuations over the past five years. In 2023, the gross profit margin increased to 20.52% from 17.77% in 2022, indicating improved profitability in the most recent year. This suggests the company may have effectively managed its production costs or potentially increased product pricing.
Comparing to the prior year, the gross profit margin in 2021 was slightly lower at 20.76% but remained relatively stable compared to 2020 and 2019 figures of 20.67% and 19.85%, respectively. The consistency in the range of 19-21% suggests that Crown Holdings has been able to maintain a reasonably healthy level of gross profit over the years.
Overall, the trend in the gross profit margin for Crown Holdings, Inc. indicates a mixed performance in recent years, with fluctuations but generally maintaining profitability within a relatively stable range.
Peer comparison
Dec 31, 2023