Colgate-Palmolive Company (CL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 12,161,000 | 11,326,000 | 10,248,000 | 10,375,000 | 10,017,000 |
| Revenue | US$ in thousands | 20,101,000 | 19,457,000 | 17,967,000 | 17,421,000 | 16,471,000 |
| Gross profit margin | 60.50% | 58.21% | 57.04% | 59.55% | 60.82% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $12,161,000K ÷ $20,101,000K
= 60.50%
The gross profit margin of Colgate-Palmolive Company has displayed some fluctuations over the five-year period from December 31, 2020, to December 31, 2024.
Starting at 60.82% in 2020, the gross profit margin declined to 59.55% in 2021. This decrease suggests a potential decrease in profitability, as the company may be facing higher costs of goods sold or experiencing pricing pressures.
In 2022, the gross profit margin further decreased to 57.04%, indicating a continued strain on profitability. However, in 2023, there was a slight improvement as the margin rose to 58.21%, potentially signaling the company's efforts to control costs or enhance pricing strategies.
The most recent data point from December 31, 2024, shows a notable recovery in the gross profit margin to 60.50%. This increase could be attributed to various factors such as cost management initiatives, revenue growth, or improved product mix.
Overall, the fluctuation in Colgate-Palmolive's gross profit margin over the five-year period highlights the company's ability to navigate challenges and make strategic adjustments to maintain or enhance profitability in a competitive market environment.
Peer comparison
Dec 31, 2024