Celsius Holdings Inc (CELH)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 680,207 | 633,139 | 270,869 | 128,169 | 60,974 |
| Revenue | US$ in thousands | 1,392,990 | 1,318,010 | 653,604 | 314,272 | 130,726 |
| Gross profit margin | 48.83% | 48.04% | 41.44% | 40.78% | 46.64% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $680,207K ÷ $1,392,990K
= 48.83%
The gross profit margin of Celsius Holdings Inc has experienced fluctuations over the past five years. As of December 31, 2020, the gross profit margin was 46.64%. However, by December 31, 2021, the margin had decreased to 40.78%, indicating a potential decrease in profitability relative to sales revenue.
In the subsequent years, the gross profit margin showed a slight recovery, with values of 41.44% as of December 31, 2022, and 48.04% by December 31, 2023. This upward trend suggests an improvement in the company's ability to generate profit from its core operations.
By the end of December 31, 2024, the gross profit margin further increased to 48.83%, reflecting a positive trajectory in profitability as a percentage of sales. Overall, the fluctuations in gross profit margin indicate dynamic changes in the company's efficiency in managing production costs and pricing strategies.
Peer comparison
Dec 31, 2024