Avient Corp (AVNT)

Gross profit margin

Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Gross profit US$ in thousands 1,056,700 902,700 882,700 1,099,600 784,300
Revenue US$ in thousands 3,240,400 3,142,800 3,396,900 4,818,800 3,242,100
Gross profit margin 32.61% 28.72% 25.99% 22.82% 24.19%

December 31, 2024 calculation

Gross profit margin = Gross profit ÷ Revenue
= $1,056,700K ÷ $3,240,400K
= 32.61%

The gross profit margin of Avient Corp has shown a fluctuating trend over the past five years. Starting at 24.19% on December 31, 2020, it decreased slightly to 22.82% by December 31, 2021. However, it began to improve in the subsequent years, increasing to 25.99% by December 31, 2022, further rising to 28.72% by December 31, 2023, and reaching its highest point at 32.61% by December 31, 2024. This upward trend in the gross profit margin indicates an improvement in the company's ability to generate profit from its core operations, which is a positive indicator of the company's financial performance and efficiency in managing costs related to production.