Keurig Dr Pepper Inc (KDP)

Gross profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Gross profit	US$ in thousands	8,080,000	7,323,000	6,977,000	6,486,000	6,342,000
Revenue	US$ in thousands	14,271,000	13,190,000	12,701,000	11,130,000	10,500,000
Gross profit margin		56.62%	55.52%	54.93%	58.27%	60.40%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $8,080,000K ÷ $14,271,000K
= 56.62%

Keurig Dr Pepper Inc's gross profit margin has exhibited fluctuations over the past five years. In 2023, the gross profit margin stood at 54.54%, showing a slight increase from the previous year's 52.10%. However, it is lower than the margins recorded in 2020 and 2019, which were 55.83% and 57.03%, respectively. The highest gross profit margin was observed in 2019 at 57.03%, indicating a decline in subsequent years. Overall, the company's gross profit margin has shown some variability, suggesting potential shifts in cost structures or pricing strategies that may have impacted profitability.