Sealed Air Corporation (SEE)
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 | 1,641,300 | 1,660,400 | 1,680,700 | 1,701,000 | 1,772,900 | 1,824,300 | 1,794,400 | 1,756,800 | 1,680,900 | 1,629,900 | 1,630,700 | 1,619,900 | 1,609,300 | 1,614,200 | 1,601,700 | 1,590,100 | 1,564,800 | 1,534,600 | 1,508,100 | 1,493,300 |
| Revenue (ttm) | US$ in thousands | 5,488,900 | 5,517,300 | 5,535,900 | 5,573,100 | 5,641,900 | 5,767,500 | 5,773,800 | 5,684,300 | 5,533,800 | 5,343,200 | 5,173,700 | 4,996,400 | 4,903,200 | 4,861,200 | 4,842,500 | 4,852,300 | 4,791,100 | 4,752,500 | 4,720,200 | 4,714,400 |
| Gross profit margin | 29.90% | 30.09% | 30.36% | 30.52% | 31.42% | 31.63% | 31.08% | 30.91% | 30.38% | 30.50% | 31.52% | 32.42% | 32.82% | 33.21% | 33.08% | 32.77% | 32.66% | 32.29% | 31.95% | 31.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,641,300K ÷ $5,488,900K
= 29.90%
The gross profit margin of Sealed Air Corp. has exhibited a gradual decline over the past eight quarters. It decreased from 31.42% in Q4 2022 to 29.90% in Q4 2023. This trend suggests a potential decrease in the company's profitability at the gross profit level during this period. However, it is important to consider other factors such as changes in costs, pricing strategies, and market conditions to gain a more holistic understanding of the company's financial performance. Further analysis is recommended to identify the specific reasons behind this decline in gross profit margin and assess its potential impact on Sealed Air Corp.'s overall financial health.
Peer comparison
Dec 31, 2023