Kimberly-Clark Corporation (KMB)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 7,032,000 | 6,219,000 | 5,988,000 | 6,822,000 | 6,035,000 |
| Revenue | US$ in thousands | 20,400,000 | 20,175,000 | 19,400,000 | 19,140,000 | 18,450,000 |
| Gross profit margin | 34.47% | 30.83% | 30.87% | 35.64% | 32.71% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $7,032,000K ÷ $20,400,000K
= 34.47%
Kimberly-Clark Corp.'s gross profit margin has fluctuated over the past five years, with a noticeable increase in 2023 compared to the previous year. In 2023, the gross profit margin stood at 34.42%, higher than the 2022 and 2021 levels of 30.83% and 30.80%, respectively. This improvement indicates that the company was able to generate a higher percentage of revenue as gross profit in 2023. However, the 2023 margin is still lower than the levels seen in 2020 and 2019, which were 35.64% and 32.71%, respectively. Overall, although there has been some variability, Kimberly-Clark Corp. has been able to maintain a relatively stable gross profit margin over the past five years.
Peer comparison
Dec 31, 2023