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