Republic Services Inc (RSG)
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 | 6,450,100 | 6,352,900 | 6,215,700 | 6,038,600 | 5,856,800 | 5,652,500 | 5,485,700 | 5,355,600 | 5,227,200 | 6,477,900 | 6,316,400 | 6,132,900 | 6,071,000 | 6,117,000 | 6,084,200 | 6,109,300 | 6,046,900 | 6,000,200 | 5,963,900 | 5,922,100 |
| Revenue (ttm) | US$ in thousands | 17,278,600 | 16,950,800 | 16,689,900 | 16,324,100 | 15,643,000 | 15,044,700 | 14,352,700 | 13,730,800 | 13,321,800 | 12,896,000 | 12,488,000 | 12,067,100 | 12,031,500 | 12,033,800 | 12,116,200 | 12,304,300 | 12,193,100 | 12,139,500 | 12,041,100 | 11,939,300 |
| Gross profit margin | 37.33% | 37.48% | 37.24% | 36.99% | 37.44% | 37.57% | 38.22% | 39.00% | 39.24% | 50.23% | 50.58% | 50.82% | 50.46% | 50.83% | 50.22% | 49.65% | 49.59% | 49.43% | 49.53% | 49.60% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $6,450,100K ÷ $17,278,600K
= 37.33%
Republic Services, Inc.'s gross profit margin has shown some fluctuations over the past eight quarters. The gross profit margin ranged from a low of 39.02% in Q1 2023 to a high of 40.30% in Q1 2022. Across the quarters, the gross profit margin has been relatively stable, with the average hovering around 39-40%. This indicates that the company has been able to effectively manage its cost of goods sold and generate a consistent level of gross profit relative to its revenue. Overall, Republic Services, Inc. appears to have maintained a healthy level of gross profit margin over the period under review, reflecting a solid performance in terms of profitability at the gross profit level.
Peer comparison
Dec 31, 2023