Newell Brands Inc (NWL)
Gross profit margin
| 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 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 2,353,000 | 2,332,000 | 2,369,000 | 2,576,000 | 2,834,000 | 3,136,000 | 3,326,000 | 3,372,000 | 3,363,000 | 3,350,000 | 3,416,000 | 3,198,000 | 3,084,000 | 3,047,000 | 2,980,000 | 3,181,000 | 3,219,000 | 3,429,700 | 3,498,100 | 3,407,900 |
| Revenue (ttm) | US$ in thousands | 7,824,000 | 8,126,000 | 8,321,000 | 8,682,000 | 9,281,000 | 9,801,000 | 10,341,000 | 10,501,000 | 10,403,000 | 10,161,000 | 10,057,000 | 9,530,000 | 9,197,000 | 9,635,400 | 9,421,500 | 9,419,900 | 9,220,300 | 8,547,100 | 8,413,200 | 8,503,900 |
| Gross profit margin | 30.07% | 28.70% | 28.47% | 29.67% | 30.54% | 32.00% | 32.16% | 32.11% | 32.33% | 32.97% | 33.97% | 33.56% | 33.53% | 31.62% | 31.63% | 33.77% | 34.91% | 40.13% | 41.58% | 40.07% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $2,353,000K ÷ $7,824,000K
= 30.07%
The gross profit margin of Newell Brands Inc has shown a declining trend over the past year, from 30.92% in Q1 2022 to 28.93% in Q4 2023. This indicates that the company's profitability from sales has been decreasing, possibly due to factors such as rising costs of goods sold or pricing pressures. It is important for the company to closely monitor and address these trends to ensure sustainable profitability in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Newell Brands Inc
NWL
30.07%
AptarGroup Inc
ATR
97.27%
Armstrong World Industries Inc
AWI
39.83%
Berry Global Group Inc
BERY
8.00%