Sonoco Products Company (SON)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,335,981 | 1,392,660 | 1,398,179 | 1,398,779 | 1,435,654 | 1,409,939 | 1,412,829 | 1,448,350 | 1,445,487 | 1,395,175 | 1,285,760 | 1,155,574 | 1,061,910 | 1,073,041 | 1,072,320 | 1,057,650 | 1,046,339 | 1,018,470 | 1,026,945 | 1,054,298 |
| Revenue (ttm) | US$ in thousands | 6,299,940 | 6,572,460 | 6,607,010 | 6,689,050 | 6,781,290 | 6,821,510 | 7,001,310 | 7,208,510 | 7,249,710 | 7,012,880 | 6,537,850 | 6,008,110 | 5,590,430 | 5,527,590 | 5,424,710 | 5,287,440 | 5,237,440 | 5,169,940 | 5,211,560 | 5,325,800 |
| Gross profit margin | 21.21% | 21.19% | 21.16% | 20.91% | 21.17% | 20.67% | 20.18% | 20.09% | 19.94% | 19.89% | 19.67% | 19.23% | 19.00% | 19.41% | 19.77% | 20.00% | 19.98% | 19.70% | 19.71% | 19.80% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,335,981K ÷ $6,299,940K
= 21.21%
Sonoco Products Company has shown fluctuations in its gross profit margin over the period from March 31, 2020, to December 31, 2024. The gross profit margin started at 19.80% in March 2020 and experienced some minor variations until reaching a low of 19.00% by December 2021. However, the trend reversed as the gross profit margin improved gradually, reaching 21.21% by December 31, 2024.
Overall, the gross profit margin of Sonoco Products Company demonstrated some volatility but showed an overall increasing trend towards the latter part of the period. This could indicate better cost management or pricing strategies implemented by the company to enhance profitability. It is essential for stakeholders to monitor this metric to assess the company's ability to generate profits from its core business operations.
Peer comparison
Dec 31, 2024