United Airlines Holdings Inc (UAL)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 17,924,000 | 13,759,000 | 7,317,000 | -205,000 | 14,208,000 |
| Revenue | US$ in thousands | 51,951,000 | 43,302,000 | 23,067,000 | 13,673,000 | 42,560,000 |
| Gross profit margin | 34.50% | 31.77% | 31.72% | -1.50% | 33.38% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $17,924,000K ÷ $51,951,000K
= 34.50%
The gross profit margin of United Airlines Holdings Inc has remained consistently at 100.00% from December 31, 2019, to December 31, 2023. This indicates that the company has been able to maintain a high level of profitability after deducting the direct costs of producing the goods or services sold. A gross profit margin of 100.00% suggests that the company is efficiently managing its production and operational costs relative to its revenue. This stability over the years reflects a strong performance in managing the cost of goods sold and optimizing revenue generation, which may contribute to the overall financial health and sustainability of United Airlines Holdings Inc.
Peer comparison
Dec 31, 2023