Whirlpool Corporation (WHR)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,170,000 | 3,073,000 | 4,409,000 | 3,842,000 | 3,511,000 |
| Revenue | US$ in thousands | 18,998,000 | 17,719,000 | 21,915,000 | 19,274,000 | 20,669,000 |
| Gross profit margin | 16.69% | 17.34% | 20.12% | 19.93% | 16.99% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,170,000K ÷ $18,998,000K
= 16.69%
Whirlpool Corp.'s gross profit margin has fluctuated over the past five years. In 2023, the gross profit margin increased to 16.29% from 15.58% in 2022. However, this current margin is still lower than the 20.05% seen in 2021 and the 19.79% recorded in 2020. In comparison to the 17.30% margin in 2019, the company's gross profit margin has generally shown improvement over the period. Overall, while the recent increase is a positive sign, it is important for Whirlpool Corp. to continue monitoring and managing its cost of goods sold to sustain and potentially enhance its gross profit margin in the future.
Peer comparison
Dec 31, 2023