Charles River Laboratories (CRL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,120,550 | 3,270,860 | 2,697,910 | 1,073,540 | 958,311 |
| Revenue | US$ in thousands | 4,082,940 | 4,098,090 | 3,457,220 | 2,939,570 | 2,582,040 |
| Gross profit margin | 76.43% | 79.81% | 78.04% | 36.52% | 37.11% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,120,550K ÷ $4,082,940K
= 76.43%
Charles River Laboratories' gross profit margin has shown fluctuations over the past five years. The margin declined from 37.11% in 2019 to 36.52% in 2020 before experiencing a significant increase to 78.04% in 2021. Despite this improvement, the margin decreased to 79.81% in 2022 and further dropped to 76.43% in 2023. Overall, the company's gross profit margin has been relatively high in recent years, indicating efficient cost management and pricing strategies. However, the fluctuations observed suggest potential variability in cost structures or pricing dynamics impacting the company's profitability.
Peer comparison
Dec 31, 2023