The Chefs Warehouse Inc (CHEF)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 23, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 914,147 | 891,810 | 874,760 | 854,202 | 814,474 | 773,181 | 723,271 | 670,831 | 618,636 | 556,994 | 509,181 | 449,051 | 390,485 | 323,671 | 274,058 | 221,610 | 248,151 | 291,702 | 328,334 | 386,585 |
| Revenue (ttm) | US$ in thousands | 3,781,671 | 3,687,427 | 3,626,421 | 3,541,531 | 3,390,158 | 3,204,095 | 2,984,768 | 2,758,593 | 2,556,732 | 2,356,999 | 2,186,010 | 1,960,931 | 1,728,659 | 1,455,813 | 1,225,007 | 1,001,170 | 1,095,986 | 1,240,819 | 1,383,953 | 1,595,990 |
| Gross profit margin | 24.17% | 24.19% | 24.12% | 24.12% | 24.02% | 24.13% | 24.23% | 24.32% | 24.20% | 23.63% | 23.29% | 22.90% | 22.59% | 22.23% | 22.37% | 22.14% | 22.64% | 23.51% | 23.72% | 24.22% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $914,147K ÷ $3,781,671K
= 24.17%
The gross profit margin of The Chefs Warehouse Inc has shown a relatively stable trend over the past few years, fluctuating within a narrow range. The margin started at 24.22% as of March 31, 2020, gradually declining to 22.14% by March 31, 2021. However, since then, the margin has shown an upward trend, reaching 24.17% as of December 31, 2024.
Overall, the company has been able to maintain a gross profit margin above 22% consistently, with slight fluctuations reflecting the dynamics of its cost of goods sold and revenue generation. The recent increase in the margin suggests improved efficiency in managing production costs or potentially higher selling prices, both of which can positively impact the company's profitability.
Peer comparison
Dec 31, 2024