Sealed Air Corporation (SEE)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,641,300 | 1,772,900 | 1,680,900 | 1,609,300 | 1,564,800 |
| Revenue | US$ in thousands | 5,488,900 | 5,641,900 | 5,533,800 | 4,903,200 | 4,791,100 |
| Gross profit margin | 29.90% | 31.42% | 30.38% | 32.82% | 32.66% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,641,300K ÷ $5,488,900K
= 29.90%
Sealed Air Corp.'s gross profit margin has shown a fluctuating trend over the past five years. The margin decreased from 32.66% in 2019 to 32.82% in 2020, suggesting a slight improvement. However, in 2021, there was a decline in the margin to 30.38%, which was further reduced to 31.42% in 2022. The most recent data for 2023 indicates a gross profit margin of 29.90%, marking a continued decrease.
Overall, the downward trend in Sealed Air Corp.'s gross profit margin in recent years may indicate challenges in maintaining profitability in their core operations. Further analysis of the company's cost structure and revenue generation practices could provide insights into the factors contributing to the declining gross profit margin.
Peer comparison
Dec 31, 2023