Sonoco Products Company (SON)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,139,230 | 1,440,880 | 1,439,650 | 1,061,910 | 1,046,340 |
| Revenue | US$ in thousands | 5,305,360 | 6,781,290 | 7,250,550 | 5,590,440 | 5,237,440 |
| Gross profit margin | 21.47% | 21.25% | 19.86% | 19.00% | 19.98% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,139,230K ÷ $5,305,360K
= 21.47%
Sonoco Products Company's gross profit margin has shown a fluctuating trend over the years. The margin was at 19.98% as of December 31, 2020, slightly decreasing to 19.00% by December 31, 2021. There was a subsequent improvement in the margin to 19.86% as of December 31, 2022. Notably, the company experienced significant growth in the margin, reaching 21.25% by December 31, 2023, and further improving to 21.47% by December 31, 2024. This upward trajectory indicates an enhancement in the company's ability to generate profits from its core business operations, which is a positive sign for its financial performance.
Peer comparison
Dec 31, 2024