United Parcel Service Inc (UPS)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 16,356,000 | 17,231,000 | 13,094,000 | 12,810,000 | 7,814,000 |
| Revenue | US$ in thousands | 91,070,000 | 90,958,000 | 100,338,000 | 97,287,000 | 84,628,000 |
| Gross profit margin | 17.96% | 18.94% | 13.05% | 13.17% | 9.23% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $16,356,000K ÷ $91,070,000K
= 17.96%
The gross profit margin of United Parcel Service Inc has shown a positive trend over the five-year period from December 31, 2020, to December 31, 2024. Starting at 9.23% in 2020, the gross profit margin steadily increased to 13.17% in 2021 and 13.05% in 2022. There was a significant jump to 18.94% in 2023, indicating a notable increase in efficiency in production or pricing strategies. The margin slightly decreased to 17.96% in 2024 but still remained at a healthy level. Overall, United Parcel Service Inc has been able to improve its gross profit margin consistently, reflecting its ability to efficiently manage costs and generate profits from its operations.