Albemarle Corp (ALB)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 1,573,480 2,689,820 123,672 375,764 533,228
Revenue US$ in thousands 9,617,200 7,320,100 3,327,960 3,128,910 3,589,430
Net profit margin 16.36% 36.75% 3.72% 12.01% 14.86%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,573,480K ÷ $9,617,200K
= 16.36%

The net profit margin of Albemarle Corp. has exhibited fluctuations over the past five years. In 2023, the net profit margin was 16.36%, which represents a decrease compared to the previous year where it was significantly higher at 36.75%. The significant drop in net profit margin from 2022 to 2023 indicates a potential decline in the company's profitability efficiency.

Comparing the latest data to the figures from 2020 and 2019, the net profit margins were 12.01% and 14.86% respectively. This suggests that, despite the decrease in 2023, the profitability of Albemarle Corp. remains generally higher than in 2020 and 2019.

It is essential for the company to further analyze the factors contributing to the recent decline in net profit margin in order to implement strategies to potentially improve profitability in the future.


Peer comparison

Dec 31, 2023


See also:

Albemarle Corp Net Profit Margin