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