Stericycle Inc (SRCL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,014,600 | 1,025,600 | 1,017,200 | 1,053,100 | 1,174,500 |
| Revenue | US$ in thousands | 2,591,300 | 2,718,000 | 2,646,700 | 2,548,200 | 3,176,400 |
| Gross profit margin | 39.15% | 37.73% | 38.43% | 41.33% | 36.98% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,014,600K ÷ $2,591,300K
= 39.15%
Stericycle Inc.'s gross profit margin has shown relatively stable performance over the past five years. The margin ranged from 35.50% in 2019 to 39.36% in 2020, and decreased slightly to 38.15% in 2023. This indicates that the company has been able to maintain healthy margins despite some fluctuations. It is important to note that a gross profit margin above 30% is generally considered strong, indicating efficient production and pricing strategies. However, any potential downward trend in the margin should be carefully monitored to understand its implications on the company's profitability and operational efficiency.
Peer comparison
Dec 31, 2023