Service Corporation International (SCI)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,090,660 | 1,091,810 | 1,154,600 | 1,323,080 | 992,439 |
| Revenue | US$ in thousands | 4,186,380 | 4,099,780 | 4,108,660 | 4,143,140 | 3,511,510 |
| Gross profit margin | 26.05% | 26.63% | 28.10% | 31.93% | 28.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,090,660K ÷ $4,186,380K
= 26.05%
Service Corporation International's gross profit margin has fluctuated over the past five years. It stood at 28.26% as of December 31, 2020, then increased to 31.93% by December 31, 2021. However, there was a slight decline to 28.10% by December 31, 2022, followed by a more significant drop to 26.63% by December 31, 2023, and further decreased to 26.05% by December 31, 2024. This downward trend in the gross profit margin raises concerns about the company's ability to manage its cost of goods sold effectively and maintain profitability from its core operations. Analyzing the reasons behind this decline and implementing strategies to improve cost efficiencies may be crucial for Service Corporation International to enhance its profitability in the future.
Peer comparison
Dec 31, 2024