Mister Car Wash, Inc. Common Stock (MCW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 704,022 | 563,353 | 608,039 | 493,186 | 380,970 |
| Revenue | US$ in thousands | 994,727 | 927,070 | 876,506 | 758,357 | 574,941 |
| Gross profit margin | 70.78% | 60.77% | 69.37% | 65.03% | 66.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $704,022K ÷ $994,727K
= 70.78%
The gross profit margin of Mister Car Wash, Inc. Common Stock has exhibited fluctuations over the years based on the provided data. As of December 31, 2020, the gross profit margin stood at 66.26%, indicating that for every dollar of revenue, the company retained $0.6626 after accounting for the cost of goods sold. This margin slightly decreased to 65.03% by December 31, 2021 but experienced a notable increase to 69.37% by December 31, 2022, showcasing improved cost management or potentially higher pricing power.
However, there was a decline in the gross profit margin to 60.77% by December 31, 2023, suggesting higher costs relative to revenue during that period. The most recent data point, as of December 31, 2024, indicates a substantial rise in the gross profit margin to 70.78%, indicating that the company was able to generate more gross profit per dollar of revenue, possibly through efficiency improvements or better pricing strategies.
Overall, the trend in the gross profit margin of Mister Car Wash, Inc. Common Stock displays variability across the years, underscoring the importance of ongoing monitoring and analysis of cost structures and pricing strategies for sustainable financial performance.
Peer comparison
Dec 31, 2024