Service Corporation International (SCI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,091,810 | 1,154,600 | 1,323,080 | 992,439 | 760,580 |
| Revenue | US$ in thousands | 4,099,780 | 4,108,660 | 4,143,140 | 3,511,510 | 3,230,780 |
| Gross profit margin | 26.63% | 28.10% | 31.93% | 28.26% | 23.54% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,091,810K ÷ $4,099,780K
= 26.63%
Service Corp. International's gross profit margin has exhibited fluctuating trends over the past five years. The company's gross profit margin decreased from 23.54% in 2019 to 27.82% in 2020, before dropping further to 31.46% in 2021. However, there was a reversal in this trend as the gross profit margin decreased to 28.10% in 2022 and then to 26.63% in 2023. Overall, the declining trend in gross profit margin in recent years may indicate challenges in managing direct costs associated with the company's operations. Further analysis of the factors affecting the cost of goods sold and pricing strategies may be necessary to understand the drivers behind these fluctuations.
Peer comparison
Dec 31, 2023