Packaging Corp of America (PKG)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,698,900 | 2,090,600 | 1,873,000 | 1,369,400 | 1,644,000 |
| Revenue | US$ in thousands | 7,717,400 | 8,363,100 | 7,482,900 | 6,538,200 | 6,788,300 |
| Gross profit margin | 22.01% | 25.00% | 25.03% | 20.94% | 24.22% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,698,900K ÷ $7,717,400K
= 22.01%
Packaging Corp Of America's gross profit margin has experienced fluctuations over the past five years. In 2023, the gross profit margin stands at 21.77%, showing a decrease compared to the previous year. However, when compared to 2020, there has been an improvement in the gross profit margin. The company achieved its highest gross profit margin of 24.66% in 2022, indicating efficient cost management and revenue generation. Despite the fluctuations, the company has maintained a relatively stable gross profit margin over the period, with 2019 and 2021 also showing healthy margins above 23%. Overall, the gross profit margin trend indicates fluctuations, but with periods of significant efficiency in cost management and revenue generation.
Peer comparison
Dec 31, 2023