Brilliant Earth(Brlt) Financials: Gross Profit Margin Compared To Industry Average, Plus Other Key Ratios
Company Report for BRLT
Report - gross profit margin
This chart shows the historical trend of gross profit margin for BRLT compared to its industry average over the recent years.
Ratio Definition and Interpretation
Name: Gross Profit Margin
Definition: Gross profit margin shows how much profit the company keeps from each dollar of sales after covering the direct cost of making its products or delivering services. High margins suggest strong pricing power or efficient production. Shrinking margins might mean rising costs or tougher competition eating into profits.
Interpretation:
• In '2021', BRLT's gross profit margin was 49.3%, showing profitability after production and operational costs. Industry average for Consumer Specialties in '2021' stood at 39.7%.
• In '2022', BRLT's gross profit margin was 53.3%, showing profitability after production and operational costs. The increase since '2021' reflects strengthening financial performance. Industry average for Consumer Specialties in '2022' stood at 43.4%. Industry average increased by 3.7% compared to previous year.
• In '2023', BRLT's gross profit margin was 57.6%, showing profitability after production and operational costs. The increase since '2022' reflects strengthening financial performance. Industry average for Consumer Specialties in '2023' stood at 43.6%. Industry average increased by 0.2% compared to previous year.
• In '2024', BRLT's gross profit margin was 60.3%, showing profitability after production and operational costs. The increase since '2023' reflects strengthening financial performance. Industry average for Consumer Specialties in '2024' stood at 44.1%. Industry average increased by 0.5% compared to previous year.
Overall, BRLT's gross profit margin has steadily improved over the past 4 years.
Formula: Gross Profit Margin = (Revenue - COGS) / Revenue
Good Range: Often 20%-60% depending on industry.