Sotera Health Co (SHC)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | ||
|---|---|---|---|---|
| Gross profit | US$ in thousands | 577,158 | 557,004 | 518,672 |
| Revenue | US$ in thousands | 1,049,290 | 1,003,690 | 931,478 |
| Gross profit margin | 55.00% | 55.50% | 55.68% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $577,158K ÷ $1,049,290K
= 55.00%
The gross profit margin of Sotera Health Co has been relatively stable and consistently above 50% over the past five years, indicating strong profitability in its core operations. The company's ability to effectively control its direct costs and generate higher gross profits on its products or services is evident. The marginal fluctuations in the gross profit margin from year to year are within a reasonable range, suggesting that Sotera Health Co has been successful in maintaining a healthy balance between revenue and cost of goods sold. Overall, the consistent performance of the gross profit margin reflects favorable operational efficiency and effective cost management practices within the company.
Peer comparison
Dec 31, 2023