GATX Corporation (GATX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 817,500 | 670,000 | 690,600 | 389,600 | 526,600 |
| Revenue | US$ in thousands | 1,410,900 | 1,273,000 | 1,257,400 | 1,209,200 | 1,202,100 |
| Gross profit margin | 57.94% | 52.63% | 54.92% | 32.22% | 43.81% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $817,500K ÷ $1,410,900K
= 57.94%
Based on the provided data, GATX Corp. has maintained a consistent and high gross profit margin of 100.00% over the past five years, from 2019 to 2023. A gross profit margin of 100.00% indicates that the company is able to generate all of its revenue after deducting the cost of goods sold, resulting in a full gross profit retained. This level of gross profit margin suggests that GATX Corp. has effectively managed its production costs and pricing strategies to achieve optimal profitability on its goods and services. Maintaining such a high and stable gross profit margin is a positive indicator of the company's operational efficiency and ability to generate strong profits from its core business activities.
Peer comparison
Dec 31, 2023