US Foods Holding Corp (USFD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 6,148,000 | 5,492,000 | 4,655,000 | 3,719,000 | 4,587,000 |
| Revenue | US$ in thousands | 35,258,000 | 33,807,000 | 29,252,000 | 22,664,000 | 25,756,000 |
| Gross profit margin | 17.44% | 16.25% | 15.91% | 16.41% | 17.81% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $6,148,000K ÷ $35,258,000K
= 17.44%
The gross profit margin of US Foods Holding Corp has shown fluctuations over the past five years. It increased from 16.25% in 2019 to 17.81% in 2020 before declining to 16.41% in 2021. However, it rebounded in 2022 to 15.91% and further improved to 17.44% in 2023. Despite the fluctuations, the gross profit margin generally remained above 15%, indicating US Foods' ability to generate profit from its core operations after accounting for the cost of goods sold. Continued monitoring and analysis of the trend in the gross profit margin is essential to assess the company's operational efficiency and profitability over time.
Peer comparison
Dec 31, 2023