Celsius Holdings Inc (CELH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 633,139 | 270,869 | 128,169 | 60,974 | 31,302 |
| Revenue | US$ in thousands | 1,318,010 | 653,604 | 314,272 | 130,726 | 75,147 |
| Gross profit margin | 48.04% | 41.44% | 40.78% | 46.64% | 41.65% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $633,139K ÷ $1,318,010K
= 48.04%
Celsius Holdings Inc's gross profit margin has shown varying trends over the past five years. The company's gross profit margin increased from 41.65% in 2019 to 46.64% in 2020, indicating improved profitability in that year. However, the margin slightly decreased to 40.78% in 2021 before rebounding to 41.44% in 2022. Notably, the most recent figure for 2023 reflects a significant increase to 48.04%, signaling a positive trend towards higher profitability in the most recent period. Overall, the company's gross profit margin has fluctuated over the years, but the latest data suggests an improvement in the company's ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2023