ODP Corp (ODP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,445,000 | 1,761,000 | 1,848,000 | 1,863,000 | 2,132,000 |
| Revenue | US$ in thousands | 6,990,000 | 7,831,000 | 8,491,000 | 8,465,000 | 9,710,000 |
| Gross profit margin | 20.67% | 22.49% | 21.76% | 22.01% | 21.96% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,445,000K ÷ $6,990,000K
= 20.67%
ODP Corp's gross profit margin has shown fluctuations over the past five years. In December 31, 2020, the gross profit margin was 21.96%, which slightly increased to 22.01% by December 31, 2021. However, by December 31, 2022, the margin decreased to 21.76%. The margin then improved significantly to 22.49% by December 31, 2023, indicating better efficiency in generating profit from sales. Nevertheless, there was a notable decrease in the gross profit margin to 20.67% by December 31, 2024. Overall, while there have been fluctuations in the gross profit margin, ODP Corp has managed to maintain a reasonable level of profitability relative to its cost of goods sold over the period analyzed.
Peer comparison
Dec 31, 2024