Willscot Mobile Mini Holdings Corp A (WSC)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,301,840 | 1,333,870 | 1,135,480 | 968,208 | 659,973 |
| Revenue | US$ in thousands | 2,395,720 | 2,364,770 | 2,142,620 | 1,894,900 | 1,367,640 |
| Gross profit margin | 54.34% | 56.41% | 52.99% | 51.10% | 48.26% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,301,840K ÷ $2,395,720K
= 54.34%
The gross profit margin of Willscot Mobile Mini Holdings Corp A exhibits a generally positive trend over the period from December 31, 2020, to December 31, 2024. Starting at 48.26% in 2020, there is a noticeable increase in 2021 to 51.10%, reflecting improved efficiency in managing the cost of goods sold relative to revenue. This upward trajectory continues into 2022, reaching 52.99%, indicating further enhancements in gross profitability. The margin reaches its peak at 56.41% in 2023, suggesting a period of strong cost control or favorable pricing strategies that maximized gross profit relative to total revenue. However, in 2024, the gross profit margin declines slightly to 54.34%, which may indicate increased costs, pricing pressures, or changes in service mix that affected margin levels. Overall, the data indicates a consistent improvement in gross profitability over multiple years, with a slight contraction observed in the most recent year.