Cabot Corporation (CBT)
Gross profit margin
| Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 960,000 | 945,000 | 912,000 | 876,000 | 839,000 | 834,000 | 846,000 | 868,000 | 885,000 | 843,000 | 822,000 | 804,000 | 799,000 | 758,000 | 613,000 | 552,000 | 500,000 | 534,000 | 635,000 | 660,000 |
| Revenue (ttm) | US$ in thousands | 3,994,000 | 3,958,000 | 3,910,000 | 3,924,000 | 3,931,000 | 4,078,000 | 4,259,000 | 4,318,000 | 4,321,000 | 4,113,000 | 3,881,000 | 3,631,000 | 3,409,000 | 3,164,000 | 2,765,000 | 2,633,000 | 2,614,000 | 2,782,000 | 3,109,000 | 3,243,000 |
| Gross profit margin | 24.04% | 23.88% | 23.32% | 22.32% | 21.34% | 20.45% | 19.86% | 20.10% | 20.48% | 20.50% | 21.18% | 22.14% | 23.44% | 23.96% | 22.17% | 20.96% | 19.13% | 19.19% | 20.42% | 20.35% |
September 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $960,000K ÷ $3,994,000K
= 24.04%
Cabot Corporation's gross profit margin has shown a generally positive trend over the past few years. There has been a steady increase in the gross profit margin from 20.35% in December 2019 to 24.04% in September 2024. This suggests that the company has been able to improve its efficiency in generating profits from its core business operations. The consistent improvement in gross profit margin indicates that Cabot Corporation has been managing its production costs effectively and/or increasing the selling prices of its products. This trend is favorable as a higher gross profit margin can lead to improved profitability for the company. Overall, the increasing trend in the gross profit margin reflects positively on Cabot Corporation's operational performance.
Peer comparison
Sep 30, 2024