Whirlpool Corporation (WHR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,581,000 | 3,170,000 | 3,073,000 | 4,409,000 | 3,842,000 |
| Revenue | US$ in thousands | 16,343,000 | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 |
| Gross profit margin | 15.79% | 16.69% | 17.34% | 20.12% | 19.93% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,581,000K ÷ $16,343,000K
= 15.79%
Whirlpool Corporation's gross profit margin has shown fluctuations over the past five years. Starting at 19.93% on December 31, 2020, it increased to 20.12% by December 31, 2021. However, a downward trend began after that, with the margin decreasing to 17.34% by December 31, 2022, and further declining to 16.69% by December 31, 2023. The most recent data point shows a gross profit margin of 15.79% as of December 31, 2024. This decreasing trend in gross profit margin indicates a potential decrease in profitability and operational efficiency over the years, which may warrant further investigation into the company's cost structure and pricing strategies.
Peer comparison
Dec 31, 2024