Cabot Corporation (CBT)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 614,000 | 606,000 | 584,000 | 557,000 | 526,000 | 527,000 | 545,000 | 577,000 | 389,000 | 320,000 | 286,000 | 253,000 | 454,000 | 310,000 | 180,000 | 76,000 | 21,000 | 166,000 | 243,000 | 292,000 |
| 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 |
| Operating profit margin | 15.37% | 15.31% | 14.94% | 14.19% | 13.38% | 12.92% | 12.80% | 13.36% | 9.00% | 7.78% | 7.37% | 6.97% | 13.32% | 9.80% | 6.51% | 2.89% | 0.80% | 5.97% | 7.82% | 9.00% |
September 30, 2024 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $614,000K ÷ $3,994,000K
= 15.37%
The operating profit margin of Cabot Corporation has shown a fluctuating trend over the past few years. The margin has generally been on an upward trajectory since December 2019, with some fluctuations along the way.
From September 2020 to September 2021, there was a significant improvement in the operating profit margin, increasing from 5.97% to 13.32%. This positive trend continued till March 2022 when the margin reached 14.94%, indicating improved operational efficiency and profitability during this period.
However, from March 2022 to September 2022, the operating profit margin declined to 7.37% before dropping further to 7.78% in December 2022. This decline can be a cause for concern as it might indicate challenges or inefficiencies in the company's operations during that period.
Subsequently, a significant jump in the operating profit margin was observed from December 2022 to March 2023, reaching 12.80%. The margin continued to improve reaching 15.37% by September 2024, representing a positive trend in the company's profitability.
Overall, while there have been fluctuations in Cabot Corporation's operating profit margin, the general direction has been positive in recent periods, with an upward trend in profitability. However, monitoring the margin and identifying factors contributing to fluctuations will be important for assessing the company's operational performance and financial health.
Peer comparison
Sep 30, 2024