Tempur Sealy International Inc (TPX)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,128,700 | 2,049,600 | 2,158,700 | 1,638,400 | 1,342,200 |
| Revenue | US$ in thousands | 4,925,400 | 4,921,200 | 4,930,800 | 3,676,900 | 3,106,000 |
| Gross profit margin | 43.22% | 41.65% | 43.78% | 44.56% | 43.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,128,700K ÷ $4,925,400K
= 43.22%
Tempur Sealy International Inc's gross profit margin has exhibited some fluctuations over the past five years. The margin was 43.22% in 2023, slightly higher than the previous year's 41.65%, but lower than the 2021 figure of 43.78%. In comparison to 2020 and 2019, the current gross profit margin of 43.22% is lower than 44.56% and comparable to 43.21%, respectively.
Overall, the company's gross profit margin has shown some variability but has generally remained in the mid-40% range over the past five years. This indicates that Tempur Sealy International Inc has maintained a relatively healthy level of gross profitability, although closer examination of the underlying factors influencing these fluctuations would be necessary to provide more detailed insights into the company's financial performance and operational efficiency.
Peer comparison
Dec 31, 2023