Now Inc (DNOW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 513,000 | 480,000 | 340,000 | -38,000 | 425,000 |
| Revenue | US$ in thousands | 2,319,000 | 2,133,000 | 1,632,000 | 1,620,000 | 2,950,000 |
| Gross profit margin | 22.12% | 22.50% | 20.83% | -2.35% | 14.41% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $513,000K ÷ $2,319,000K
= 22.12%
The gross profit margin of NOW Inc has fluctuated over the past five years, ranging from a low of 18.04% in December 2020 to a high of 23.69% in December 2022. In the most recent period ending December 31, 2023, the gross profit margin stood at 23.05%. This indicates that NOW Inc has been able to generate more gross profit relative to its revenue in recent years compared to the earlier periods in the dataset. Overall, an upward trend in gross profit margin can be seen from 2020 to 2022, suggesting potential improvements in the company's cost management or pricing strategies. However, further analysis of the underlying factors contributing to these fluctuations would be necessary to understand the drivers of these changes in the gross profit margin.
Peer comparison
Dec 31, 2023