Charles River Laboratories (CRL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,804,100 | 3,120,550 | 3,270,860 | 2,697,910 | 1,073,540 |
| Revenue | US$ in thousands | 4,120,490 | 4,082,940 | 4,098,090 | 3,457,220 | 2,939,570 |
| Gross profit margin | 68.05% | 76.43% | 79.81% | 78.04% | 36.52% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,804,100K ÷ $4,120,490K
= 68.05%
The gross profit margin of Charles River Laboratories has shown a notable increase over the years, starting at 36.52% on December 31, 2020, and reaching 68.05% by December 31, 2024. During this period, there was a positive trend in the company's ability to generate profits from its core operations after accounting for the direct costs of production. The significant improvement in the gross profit margin indicates enhanced efficiency in managing production costs and potentially higher pricing power. However, the decrease from 79.81% on December 31, 2022, to 76.43% on December 31, 2023, followed by another decrease to 68.05% on December 31, 2024, suggests some fluctuations in the company's cost structure or pricing strategies that may warrant further investigation to sustain or improve profitability levels.
Peer comparison
Dec 31, 2024