KBR Inc (KBR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 977,000 | 828,000 | 806,000 | 666,000 | 653,000 |
| Revenue | US$ in thousands | 6,834,000 | 6,496,000 | 7,249,000 | 5,767,000 | 5,639,000 |
| Gross profit margin | 14.30% | 12.75% | 11.12% | 11.55% | 11.58% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $977,000K ÷ $6,834,000K
= 14.30%
The gross profit margin of KBR Inc has shown a steady improvement over the years, increasing from 11.58% in 2019 to 14.30% in 2023. This indicates that the company has been able to effectively control its costs of goods sold and generate higher margins on its sales. The consistent upward trend in the gross profit margin reflects positively on KBR's ability to manage its production and operational efficiency. It suggests that the company may have implemented strategies to improve profitability, such as streamlining operations, negotiating better pricing with suppliers, or increasing the selling prices of its products/services. Overall, the increasing gross profit margin is a favorable indication of KBR Inc's financial health and efficiency in generating profits from its core business activities.
Peer comparison
Dec 31, 2023