Perrigo Company PLC (PRGO)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 1,542,700 1,680,400 1,455,400 1,416,200 1,815,200
Revenue US$ in thousands 4,373,400 4,655,600 4,451,600 4,138,700 5,063,300
Gross profit margin 35.27% 36.09% 32.69% 34.22% 35.85%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,542,700K ÷ $4,373,400K
= 35.27%

The gross profit margin of Perrigo Company PLC has showed some fluctuations over the past five years. It decreased from 35.85% as of December 31, 2020, to 34.22% as of December 31, 2021, and further decreased to 32.69% as of December 31, 2022. However, there was a notable improvement in the gross profit margin to 36.09% as of December 31, 2023, followed by a slight decrease to 35.27% as of December 31, 2024.

Overall, the trend indicates some variability in the company's ability to generate profit from its core operations over the period. It is essential for Perrigo Company PLC to closely monitor and manage its cost of goods sold to maintain a healthy gross profit margin in the future.