Carlisle Companies Incorporated (CSL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,634,200 | 1,866,000 | 464,800 | 389,600 | 1,371,700 |
| Revenue | US$ in thousands | 4,586,900 | 5,449,400 | 4,810,300 | 3,969,900 | 4,484,600 |
| Gross profit margin | 35.63% | 34.24% | 9.66% | 9.81% | 30.59% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,634,200K ÷ $4,586,900K
= 35.63%
The gross profit margin of Carlisle Companies Inc. has exhibited a generally positive trend over the past five years, increasing from 28.51% in 2019 to 35.63% in 2023. This indicates that the company has been able to effectively control its cost of goods sold relative to its total revenue, resulting in a higher percentage of revenue remaining as gross profit. The steady improvement in the gross profit margin suggests that Carlisle Companies Inc. has been successful in optimizing its production processes, managing input costs, and potentially increasing prices to customers. Overall, the rising trend in the gross profit margin reflects positively on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023