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.
Peer comparison
Dec 31, 2024