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

Company name
Symbol
Gross profit margin
Graphic Packaging Holding Company
GPK
12.64%
Packaging Corp of America
PKG
22.01%
Smurfit WestRock plc
SW
29.41%
Sonoco Products Company
SON
21.03%