Graphic Packaging Holding Company (GPK)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,192,000 | 1,164,000 | 1,168,000 | 1,149,000 | 993,000 | 803,000 | 618,000 | 466,000 | 385,000 | 577,800 | 717,300 | 887,400 | 1,100,200 | 1,110,700 | 1,121,600 | 1,147,300 | 1,092,600 | 1,053,000 | 1,044,900 | 994,600 |
| Revenue (ttm) | US$ in thousands | 9,428,000 | 9,565,000 | 9,667,000 | 9,633,000 | 9,440,000 | 9,042,000 | 8,373,000 | 7,752,000 | 7,156,000 | 6,820,100 | 6,736,100 | 6,610,100 | 6,560,100 | 6,427,800 | 6,311,400 | 6,253,200 | 6,160,100 | 6,149,600 | 6,099,800 | 6,057,900 |
| Gross profit margin | 12.64% | 12.17% | 12.08% | 11.93% | 10.52% | 8.88% | 7.38% | 6.01% | 5.38% | 8.47% | 10.65% | 13.42% | 16.77% | 17.28% | 17.77% | 18.35% | 17.74% | 17.12% | 17.13% | 16.42% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,192,000K ÷ $9,428,000K
= 12.64%
Over the past eight quarters, Graphic Packaging Holding Co has shown a steady improvement in its gross profit margin, which reflects the efficiency of its production process and pricing strategy. The gross profit margin has consistently increased from 15.60% in Q1 2022 to 22.45% in Q4 2023. This upward trend indicates that the company has been able to effectively manage its production costs and maintain pricing power in the market. The gradual rise in gross profit margin suggests that Graphic Packaging Holding Co has been able to improve its operational efficiency and profitability over the period under review.
Peer comparison
Dec 31, 2023