Clean Harbors Inc (CLH)
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 30, 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 | 864,160 | 981,378 | 943,610 | 915,192 | 906,250 | 890,941 | 941,957 | 974,066 | 938,201 | 871,010 | 764,963 | 651,035 | 614,406 | 530,277 | 528,231 | 496,112 | 506,313 | 641,977 | 632,106 | 646,299 |
| Revenue (ttm) | US$ in thousands | 5,754,620 | 5,765,470 | 5,607,830 | 5,459,390 | 5,395,620 | 5,338,840 | 5,337,840 | 5,308,930 | 5,168,630 | 4,988,910 | 4,587,405 | 4,156,892 | 3,803,032 | 3,426,911 | 3,272,642 | 3,074,051 | 3,139,310 | 3,215,536 | 3,321,592 | 3,480,263 |
| Gross profit margin | 15.02% | 17.02% | 16.83% | 16.76% | 16.80% | 16.69% | 17.65% | 18.35% | 18.15% | 17.46% | 16.68% | 15.66% | 16.16% | 15.47% | 16.14% | 16.14% | 16.13% | 19.96% | 19.03% | 18.57% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $864,160K ÷ $5,754,620K
= 15.02%
Clean Harbors Inc's gross profit margin has shown some fluctuations over the past five years, ranging between 15.02% to 19.96%. The trend appears to be somewhat volatile, with the margin experiencing ups and downs from quarter to quarter.
In the first half of the period, the margin averaged around 17-18%, with a peak of 19.96% in September 2020. However, there was a noticeable dip in December 2020 to 16.13%, which was followed by a slight recovery in the first half of 2021.
From March 2022 to June 2024, the gross profit margin remained relatively stable, hovering around 16-18%. Notably, there was a significant decline in December 2024 to 15.02%, which could indicate potential challenges in managing costs or pricing strategies during that period.
Overall, the company's gross profit margin trend suggests some variability in the ability to generate profit from sales after deducting the cost of goods sold. This metric is essential for assessing the efficiency of the company's production processes and pricing strategies, highlighting the importance of monitoring and analyzing it regularly to ensure sustainable profitability.