Celanese Corporation (CE)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,356,000 | 2,603,000 | 2,380,000 | 2,682,000 | 1,293,000 |
| Revenue | US$ in thousands | 10,280,000 | 10,940,000 | 9,673,000 | 8,537,000 | 5,655,000 |
| Gross profit margin | 22.92% | 23.79% | 24.60% | 31.42% | 22.86% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,356,000K ÷ $10,280,000K
= 22.92%
Celanese Corporation's gross profit margin has shown some fluctuations over the past five years. In 2020, the gross profit margin stood at 22.86%, which increased significantly to 31.42% by the end of 2021. However, in the following years, there was a slight decline in the margin, with 24.60% in 2022, 23.79% in 2023, and 22.92% in 2024. Overall, the company experienced a notable improvement in profitability from 2020 to 2021, but its gross profit margin has since trended downward, perhaps indicating pricing pressures, cost challenges, or changes in product mix that may be impacting the company's overall profitability. Further analysis of the company's cost structure and pricing strategies may be necessary to fully understand the dynamics behind these fluctuations.
Peer comparison
Dec 31, 2024