Darling Ingredients Inc (DAR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,277,840 | 1,645,020 | 503,501 | 467,867 | 41,254 |
| Revenue | US$ in thousands | 5,718,180 | 6,543,760 | 6,399,860 | 4,676,920 | 3,496,520 |
| Gross profit margin | 22.35% | 25.14% | 7.87% | 10.00% | 1.18% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,277,840K ÷ $5,718,180K
= 22.35%
Darling Ingredients Inc's gross profit margin has shown significant fluctuations over the past five years. It was at a low of 1.18% on December 31, 2020, indicating that the company was generating only a small margin of profit after accounting for the cost of goods sold.
However, there was a substantial improvement in the gross profit margin by December 31, 2021, reaching 10.00%. This suggests that the company became more efficient in managing its production costs and was able to retain a higher percentage of revenue as gross profit.
In the following years, the gross profit margin remained relatively stable, with slight fluctuations. On December 31, 2022, it was at 7.87%, indicating a slight dip from the previous year. The margin then surged significantly to 25.14% by December 31, 2023, showing a remarkable improvement in profitability.
By the end of December 31, 2024, the gross profit margin slightly decreased to 22.35%, although it remained at a healthy level compared to the earlier years. Overall, Darling Ingredients Inc's gross profit margin has displayed volatility but has demonstrated an upward trend in recent years, implying an enhancement in profitability and operational efficiency.
Peer comparison
Dec 31, 2024