Mister Car Wash Inc (MCW)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 669,094 | 670,491 | 382,299 |
| Revenue | US$ in thousands | 851,841 | 835,560 | 692,541 |
| Gross profit margin | 78.55% | 80.24% | 55.20% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $669,094K ÷ $851,841K
= 78.55%
The gross profit margin of Mister Car Wash Inc has shown a consistent upward trend over the past three years, indicating an improvement in the company's ability to generate profit from its core operations. In 2021, the gross profit margin stood at 65.03%, which then increased to 69.37% in 2022 and further improved to 69.86% in 2023. This positive trajectory suggests that Mister Car Wash Inc has been effectively managing its cost of goods sold relative to its revenue, leading to a higher proportion of revenue remaining as gross profit. Overall, this steady increase in gross profit margin reflects positively on the company's operational efficiency and profitability.
Peer comparison
Dec 31, 2023