Rollins Inc (ROL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 484,765 | 398,324 | 344,632 | 38,440 | 1,021,880 |
| Revenue | US$ in thousands | 3,069,670 | 2,693,180 | 2,423,470 | 2,161,220 | 2,015,480 |
| Gross profit margin | 15.79% | 14.79% | 14.22% | 1.78% | 50.70% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $484,765K ÷ $3,069,670K
= 15.79%
The gross profit margin of Rollins, Inc. has shown a consistently positive trend over the past five years. The company's gross profit margin increased from 50.70% in 2019 to 52.17% in 2023, indicating an improvement in the company's ability to generate profits from its core business operations. This suggests that Rollins, Inc. has been effectively managing its production costs and pricing strategies to enhance profitability. The gradual increase in gross profit margin demonstrates the company's strength in controlling direct costs associated with production, such as materials and labor expenses. Overall, the sustained growth in gross profit margin reflects a positive financial performance and operational efficiency for Rollins, Inc.
Peer comparison
Dec 31, 2023