Henry Schein Inc (HSIC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,861,000 | 3,831,000 | 3,674,000 | 2,816,000 | 3,090,890 |
| Revenue | US$ in thousands | 12,252,000 | 12,603,000 | 12,383,200 | 10,079,900 | 10,185,200 |
| Gross profit margin | 31.51% | 30.40% | 29.67% | 27.94% | 30.35% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,861,000K ÷ $12,252,000K
= 31.51%
The gross profit margin of Henry Schein Inc has demonstrated a generally increasing trend over the past five years. The margin increased from 30.35% in 2019 to 31.51% in 2023. This growth indicates a strong ability to generate profits from sales after deducting the cost of goods sold. It suggests that the company has been effectively managing its production costs and pricing strategies to improve profitability. Overall, this positive trend in gross profit margin reflects the company's efficiency in generating revenue and controlling direct expenses related to its core operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Henry Schein Inc
HSIC
31.51%
Owens & Minor Inc
OMI
20.56%
Patterson Companies Inc
PDCO
21.01%