Travel + Leisure Co (TNL)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,042,000 | 2,058,000 | 1,956,000 | 1,852,000 | 482,000 |
| Revenue | US$ in thousands | 3,864,000 | 3,750,000 | 3,567,000 | 3,134,000 | 2,160,000 |
| Gross profit margin | 52.85% | 54.88% | 54.84% | 59.09% | 22.31% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,042,000K ÷ $3,864,000K
= 52.85%
The gross profit margin of Travel + Leisure Co has shown a significant improvement over the years, reflecting enhanced efficiency in managing production costs and generating revenue. Starting at 22.31% on December 31, 2020, the margin has steadily increased to 59.09% by December 31, 2021. Although there was a slight decline in the following years, with margins of 54.84%, 54.88%, and 52.85% for the years 2022, 2023, and 2024 respectively, the company has maintained a healthy level of profitability. This indicates that Travel + Leisure Co has been able to effectively control its cost of goods sold and increase its revenue, resulting in a healthy margin that provides a cushion against operating expenses and allows for potential future investments.
Peer comparison
Dec 31, 2024