Masco Corporation (MAS)

Gross profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Gross profit US$ in thousands 2,836,000 2,713,000 2,863,000 2,587,000 2,371,000
Revenue US$ in thousands 7,861,000 8,568,000 7,915,000 7,636,000 6,846,000
Gross profit margin 36.08% 31.66% 36.17% 33.88% 34.63%

December 31, 2023 calculation

Gross profit margin = Gross profit ÷ Revenue
= $2,836,000K ÷ $7,861,000K
= 36.08%

Masco Corp.'s gross profit margin has fluctuated over the past five years. In 2023, the gross profit margin improved to 35.60% from 31.26% in 2022. This indicates that the company was able to generate a higher percentage of revenue after accounting for the cost of goods sold in 2023 compared to the previous year. However, it is worth noting that the gross profit margin is still lower than the levels seen in 2020 and 2019, which were 35.99% and 35.35% respectively. Overall, further analysis is needed to understand the factors driving these changes in Masco Corp.'s gross profit margin over the years.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Masco Corporation
MAS
36.08%
Sunrun Inc
RUN
-17.26%