Mister Car Wash, Inc. Common Stock (MCW)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 635,176 | 593,483 | 608,077 | 612,056 | 623,294 | 635,556 | 623,588 | 613,326 | 608,039 | 588,376 | 569,900 | 523,308 | 493,186 | 473,787 | 448,466 | 407,047 | 380,970 |
| Revenue (ttm) | US$ in thousands | 994,727 | 973,695 | 958,442 | 940,293 | 927,070 | 911,282 | 894,782 | 883,047 | 876,506 | 853,613 | 830,347 | 802,268 | 758,357 | 728,935 | 690,421 | 595,197 | 574,941 |
| Gross profit margin | 63.85% | 60.95% | 63.44% | 65.09% | 67.23% | 69.74% | 69.69% | 69.46% | 69.37% | 68.93% | 68.63% | 65.23% | 65.03% | 65.00% | 64.96% | 68.39% | 66.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $635,176K ÷ $994,727K
= 63.85%
The gross profit margin of Mister Car Wash, Inc. Common Stock has shown fluctuations over the observed periods, reflecting changes in the efficiency of the company's operations. The margin ranged from a low of 60.95% on September 30, 2024, to a high of 69.74% on September 30, 2023. Generally, the gross profit margin has displayed an increasing trend from 66.26% on December 31, 2020, to 69.74% on September 30, 2023, indicating improved profitability in generating revenue after accounting for the cost of goods sold. However, in the more recent periods, the margin saw a decline from the peak, reaching 63.85% on December 31, 2024. This decrease might suggest changes in cost structures, pricing strategies, or operational challenges that impacted the company's ability to maintain higher margins. Monitoring the gross profit margin closely can provide insight into the company's competitiveness, efficiency, and overall financial health.
Peer comparison
Dec 31, 2024