Stericycle Inc (SRCL)
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 | 1,014,600 | 1,012,300 | 1,032,800 | 1,042,200 | 1,025,700 | 1,018,200 | 991,700 | 1,000,300 | 1,017,200 | 1,039,700 | 1,067,300 | 1,027,900 | 1,053,100 | 1,063,100 | 1,091,100 | 1,164,000 | 1,174,500 | 1,223,700 | 1,263,900 | 1,314,600 |
| Revenue (ttm) | US$ in thousands | 2,591,300 | 2,627,500 | 2,668,500 | 2,733,000 | 2,717,600 | 2,702,000 | 2,649,700 | 2,642,600 | 2,646,700 | 2,677,200 | 2,571,500 | 2,493,200 | 2,551,900 | 2,628,400 | 2,929,000 | 3,157,300 | 3,260,700 | 3,338,400 | 3,360,400 | 3,421,000 |
| Gross profit margin | 39.15% | 38.53% | 38.70% | 38.13% | 37.74% | 37.68% | 37.43% | 37.85% | 38.43% | 38.84% | 41.50% | 41.23% | 41.27% | 40.45% | 37.25% | 36.87% | 36.02% | 36.66% | 37.61% | 38.43% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,014,600K ÷ $2,591,300K
= 39.15%
Based on the data provided for Stericycle Inc.'s gross profit margin over the past eight quarters, we observe some fluctuations. The gross profit margin has ranged from a low of 37.42% in Q2 2022 to a high of 38.25% in Q1 2023. These fluctuations are relatively minor, indicating that Stericycle Inc. has been able to maintain a relatively stable gross profit margin overall.
The average gross profit margin over this period is approximately 37.97%, suggesting that Stericycle Inc. has consistently been able to generate a healthy margin on its sales. This stable performance indicates efficient cost management and pricing strategies by the company, allowing it to sustain profitability over time.
It is worth noting that the gross profit margin has shown a slight upward trend in recent quarters, reaching 38.15% in Q4 2023, which may indicate improving operational efficiency or pricing power for Stericycle Inc. Overall, the company's gross profit margin performance reflects a consistent and stable financial health in terms of generating profits from its core business operations.
Peer comparison
Dec 31, 2023