Coca-Cola Consolidated Inc. (COKE)
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 | 2,753,260 | 2,696,864 | 2,660,378 | 2,616,320 | 2,598,711 | 2,555,845 | 2,515,402 | 2,394,484 | 2,277,954 | 2,172,174 | 2,068,779 | 2,013,060 | 1,954,187 | 1,923,230 | 1,877,956 | 1,812,317 | 1,768,909 | 1,720,225 | 1,680,011 | 1,686,489 |
| Revenue (ttm) | US$ in thousands | 6,899,720 | 6,784,180 | 6,730,960 | 6,673,850 | 6,653,860 | 6,595,700 | 6,511,860 | 6,368,250 | 6,200,970 | 6,030,510 | 5,859,350 | 5,697,220 | 5,562,720 | 5,439,020 | 5,310,070 | 5,104,200 | 5,007,360 | 4,907,670 | 4,850,220 | 4,896,660 |
| Gross profit margin | 39.90% | 39.75% | 39.52% | 39.20% | 39.06% | 38.75% | 38.63% | 37.60% | 36.74% | 36.02% | 35.31% | 35.33% | 35.13% | 35.36% | 35.37% | 35.51% | 35.33% | 35.05% | 34.64% | 34.44% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,753,260K ÷ $6,899,720K
= 39.90%
The gross profit margin of Coca-Cola Consolidated Inc. has shown a gradual but consistent improvement over the years, reflecting positively on the company's ability to generate profits from its core operations. From March 31, 2020, to December 31, 2024, the gross profit margin has steadily increased from 34.44% to 39.90%.
This upward trend indicates that the company has been effectively managing its production costs and pricing strategies to enhance profitability. The ability to maintain and improve gross profit margins is essential for sustaining long-term financial health and competitiveness in the industry.
The latest reported gross profit margin of 39.90% as of December 31, 2024, signifies that for every dollar of revenue generated, the company retains $0.399 as gross profit after deducting the cost of goods sold. This indicates a healthy margin that suggests effective cost control, pricing strategies, and possibly economies of scale.
Overall, the consistent improvement in the gross profit margin of Coca-Cola Consolidated Inc. is a positive indicator of the company's operational efficiency and financial performance.
Peer comparison
Dec 31, 2024