Celanese Corporation (CE)

Net profit margin

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 1,960,000 1,894,000 1,890,000 1,985,000 852,000
Revenue US$ in thousands 10,746,000 9,349,000 8,518,000 5,580,000 6,284,000
Net profit margin 18.24% 20.26% 22.19% 35.57% 13.56%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $1,960,000K ÷ $10,746,000K
= 18.24%

The net profit margin of Celanese Corp has shown fluctuations over the past five years. In 2023, the net profit margin was 17.92%, a decrease from the previous year's figure of 19.58%. This downward trend contrasts with the generally increasing trend seen from 2019 to 2022. The highest net profit margin of 35.10% was recorded in 2020, indicating strong profitability during that year. However, the margin decreased in 2021 and further in 2023.

It is important to assess the reasons behind these fluctuations in the net profit margin to understand the company's profitability performance and strategy. Various factors such as changes in revenue, cost management, economic conditions, and industry competition could have influenced these fluctuations. Further analysis of the company's financial statements and external factors impacting its business may provide deeper insights into the trends observed in its net profit margin.


Peer comparison

Dec 31, 2023

Company name
Symbol
Net profit margin
Celanese Corporation
CE
18.24%
Sealed Air Corporation
SEE
6.22%