Tyson Foods Inc (TSN)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,627,000 | 2,631,000 | 6,668,000 | 6,526,000 | 5,384,000 |
| Revenue | US$ in thousands | 53,309,000 | 52,881,000 | 53,282,000 | 47,049,000 | 43,185,000 |
| Gross profit margin | 6.80% | 4.98% | 12.51% | 13.87% | 12.47% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,627,000K ÷ $53,309,000K
= 6.80%
Tyson Foods Inc's gross profit margin has exhibited fluctuations over the past five years. In 2024, the gross profit margin stood at 6.80%, showing an improvement from the preceding year's 4.98%. However, it is notably lower compared to the margins recorded in 2021 and 2020, which were at 13.87% and 12.47% respectively. The significant drop from 2021 to 2022, where the margin declined by more than half, raises concerns about the company's cost management and pricing strategies during that period. Further analysis of the underlying factors driving these changes would be necessary to understand the dynamics influencing Tyson Foods Inc's gross profit margin performance.
Peer comparison
Sep 30, 2024