Clean Harbors Inc (CLH)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 901,376 | 933,876 | 611,025 | 502,949 | 501,453 |
| Revenue | US$ in thousands | 5,395,620 | 5,168,640 | 3,803,030 | 3,139,310 | 3,409,670 |
| Gross profit margin | 16.71% | 18.07% | 16.07% | 16.02% | 14.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $901,376K ÷ $5,395,620K
= 16.71%
Clean Harbors, Inc.'s gross profit margin has shown a slight decline over the past five years, from 32.01% in 2020 to 30.74% in 2023. This downward trend may indicate potential challenges in maintaining profitability from its core operations. However, it is worth noting that the gross profit margins have generally remained within a relatively narrow range, fluctuating between 30.02% and 31.42% during this period. Further analysis of the factors affecting the cost of goods sold and revenues is necessary to understand the underlying reasons for the fluctuations in Clean Harbors' gross profit margin.
Peer comparison
Dec 31, 2023