Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $16,471 | $17,421 | $17,967 | $19,457 | $20,101 |
| Gross Profit | $10,017 | $10,375 | $10,248 | $11,326 | $12,161 |
| Operating Income | $3,885 | $3,332 | $2,893 | $3,984 | $4,268 |
| Net Income | $2,695 | $2,166 | $1,785 | $2,300 | $2,889 |
Over the past five years, Colgate-Palmolive’s revenue has shown a steady upward trend, growing from US$16,471 million in 2020 to US$20,101 million in 2024. The growth, albeit modest year-over-year (with increases ranging from around 3% to 8%), reflects the company’s ability to maintain market demand in the consumer staples sector even amid challenging economic environments. Gross profit also trended upward—from US$10,017 million in 2020 to US$12,161 million in 2024—indicating effective management of cost of goods sold; however, there was a slight dip in 2022 compared to 2021. Operating income and net income experienced more volatility. Operating income declined from US$3,885 million in 2020 to a low of US$2,893 million in 2022 before rebounding to US$4,268 million in 2024. Similarly, net income fell from US$2,695 million in 2020 to US$1,785 million in 2022, then recovered to US$2,889 million in 2024. This performance suggests that while the company experienced a temporary contraction in profitability margins during 2021–2022, possibly due to pricing pressures, increased operational costs, or investments in market expansion, the subsequent recovery reflects robust operational adjustments and effective cost management. Colgate-Palmolive’s steady revenue growth and recovery in both operating and net income underscore a resilient business model in the stable but competitive consumer staples industry. Overall, based on these income statement metrics, the company appears to be on a sound financial footing with sustainable long-term performance, although close monitoring of margin pressures will be important as the market evolves.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.