Ecolab Inc (ECL)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	1,959,600	1,638,300	1,646,600	1,288,900	1,995,800
Revenue	US$ in thousands	15,483,100	14,402,400	12,885,600	11,764,600	15,132,300
Gross profit margin		12.66%	11.38%	12.78%	10.96%	13.19%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,959,600K ÷ $15,483,100K
= 12.66%

The gross profit margin of Ecolab, Inc. has exhibited some fluctuations over the past five years. In 2020 and 2019, the company experienced relatively higher gross profit margins of 41.43% and 41.48%, respectively. However, in 2021 and 2023, the margin decreased to 40.19% and 40.24%, before seeing a slight improvement to 37.76% in 2022.

These variations could be attributed to changes in factors such as pricing strategies, cost of goods sold, or fluctuations in revenue. Overall, despite the fluctuations, Ecolab has maintained a relatively healthy gross profit margin over the years, indicating the company's ability to effectively manage its production costs and generate profits from its core operations.