The Chefs Warehouse Inc (CHEF)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 914,147 | 814,474 | 618,636 | 390,485 | 248,151 |
| Revenue | US$ in thousands | 3,794,690 | 3,390,260 | 2,556,590 | 1,728,410 | 1,090,630 |
| Gross profit margin | 24.09% | 24.02% | 24.20% | 22.59% | 22.75% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $914,147K ÷ $3,794,690K
= 24.09%
The gross profit margin of The Chefs Warehouse Inc has shown a gradual improvement over the years, increasing from 22.75% as of December 31, 2020, to 24.09% as of December 31, 2024. Despite some fluctuations, the trend indicates a positive trajectory in the company's ability to generate profits from its core operations. This suggests that the company has been effectively managing its costs and pricing strategies to enhance profitability. A higher gross profit margin can indicate improved efficiency in production and better control over costs, which are positive signals for investors and stakeholders. Overall, the consistent improvement in gross profit margin reflects positively on The Chefs Warehouse Inc's financial performance and operational effectiveness.
Peer comparison
Dec 31, 2024