Dupont De Nemours Inc (DD)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,257,000 | 2,558,000 | 3,332,000 | 1,669,000 | 3,425,000 |
| Revenue | US$ in thousands | 12,081,000 | 13,171,000 | 16,791,000 | 20,397,000 | 21,512,000 |
| Gross profit margin | 10.40% | 19.42% | 19.84% | 8.18% | 15.92% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,257,000K ÷ $12,081,000K
= 10.40%
DuPont de Nemours Inc's gross profit margin has shown stability over the past five years, ranging from 33.71% in 2020 to 35.45% in 2022. The margin decreased slightly to 35.08% in 2023, which could be attributed to various factors such as fluctuations in input costs or pricing strategies. Overall, the company has maintained a relatively healthy gross profit margin in the range of 34-35% during this period, indicating effective cost management and pricing strategies in its operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Dupont De Nemours Inc
DD
10.40%
AdvanSix Inc
ASIX
3.73%
Albemarle Corp
ALB
12.33%
Avient Corp
AVNT
29.50%
Dow Inc
DOW
5.14%
Eastman Chemical Company
EMN
22.38%
Hexcel Corporation
HXL
24.64%
Rogers Corporation
ROG
34.02%