Whirlpool Corporation (WHR)

Gross profit margin

Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Gross profit (ttm) US$ in thousands 3,170,000 3,023,000 2,904,000 2,985,000 3,073,000 3,490,000 3,918,000 4,111,000 4,408,000 4,710,000 4,750,000 4,285,000 3,840,000 3,524,000 3,117,000 3,424,000 3,533,000 3,435,000 3,589,000 3,537,000
Revenue (ttm) US$ in thousands 18,998,000 17,159,000 17,116,000 17,137,000 17,721,000 20,158,000 20,845,000 21,538,000 21,915,000 21,939,000 21,757,000 20,351,000 19,321,000 18,905,000 19,220,000 20,282,000 20,708,000 20,986,000 20,698,000 20,736,000
Gross profit margin 16.69% 17.62% 16.97% 17.42% 17.34% 17.31% 18.80% 19.09% 20.11% 21.47% 21.83% 21.06% 19.87% 18.64% 16.22% 16.88% 17.06% 16.37% 17.34% 17.06%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,170,000K ÷ $18,998,000K
= 16.69%

Whirlpool Corp.'s gross profit margin has exhibited a fluctuating trend over the past eight quarters, ranging from a high of 19.08% in Q1 2022 to a low of 15.17% in Q2 2023. The company experienced a notable decline in gross profit margin from Q2 2022 onwards, with margins decreasing steadily. This suggests potential challenges in managing the cost of goods sold relative to revenue generated in recent quarters. However, it is worth noting that the gross profit margin saw a slight improvement in Q4 2023 compared to the preceding quarters, indicating a possible reversal of the downward trend. Further analysis of factors influencing costs and revenues may help identify strategies for improving profitability in the future.


Peer comparison

Dec 31, 2023

Company name
Symbol
Gross profit margin
Whirlpool Corporation
WHR
16.69%
Smith AO Corporation
AOS
38.66%