Packaging Corp of America (PKG)
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 | 1,698,900 | 1,739,100 | 1,844,800 | 1,988,900 | 2,090,700 | 2,150,300 | 2,142,600 | 2,002,600 | 1,873,100 | 1,696,500 | 1,531,200 | 1,408,200 | 1,369,500 | 1,419,500 | 1,485,500 | 1,587,600 | 1,644,000 | 1,686,100 | 1,717,900 | 1,710,600 |
| Revenue (ttm) | US$ in thousands | 7,717,200 | 7,752,600 | 7,939,800 | 8,213,600 | 8,363,200 | 8,305,800 | 8,173,700 | 7,815,000 | 7,480,100 | 7,299,000 | 6,993,000 | 6,658,500 | 6,572,600 | 6,578,400 | 6,634,200 | 6,855,700 | 6,877,900 | 6,904,500 | 6,989,000 | 8,786,200 |
| Gross profit margin | 22.01% | 22.43% | 23.23% | 24.21% | 25.00% | 25.89% | 26.21% | 25.63% | 25.04% | 23.24% | 21.90% | 21.15% | 20.84% | 21.58% | 22.39% | 23.16% | 23.90% | 24.42% | 24.58% | 19.47% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,698,900K ÷ $7,717,200K
= 22.01%
Packaging Corp Of America's gross profit margin has exhibited a declining trend over the last eight quarters, dropping from 24.66% in Q4 2022 to 21.77% in Q4 2023. This suggests a decrease in the percentage of revenue retained after accounting for the cost of goods sold. The company experienced a peak gross profit margin of 25.45% in Q2 2022, followed by a subsequent downward trajectory. The decreasing trend in the gross profit margin warrants further investigation into factors influencing the company's profitability, such as changes in input costs, pricing strategies, or operational inefficiencies.
Peer comparison
Dec 31, 2023