Clean Harbors Inc (CLH)

Gross profit margin

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 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 906,250 890,941 941,957 974,066 938,201 871,010 764,963 651,035 614,406 530,277 528,231 496,112 506,313 641,977 632,106 646,299 628,340 636,450 628,045 618,317
Revenue (ttm) US$ in thousands 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 3,405,713 3,392,912 3,350,811 3,331,464
Gross profit margin 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% 18.45% 18.76% 18.74% 18.56%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $906,250K ÷ $5,395,620K
= 16.80%

Clean Harbors, Inc.'s gross profit margin has displayed relatively stable performance over the past eight quarters. The company's gross profit margin ranged from 30.56% to 31.53% during this period. Overall, the range of gross profit margin is relatively narrow, demonstrating a consistent ability to effectively manage costs related to revenue generation. However, there was a slight downward trend from Q1 2022 to Q3 2023. This trend might indicate potential challenges in maintaining profitability or increasing costs that need to be managed effectively in the future to sustain healthy margins.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Clean Harbors Inc
CLH
16.80%
Stericycle Inc
SRCL
39.15%