Dow Inc (DOW)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 2,491,000 | 2,292,000 | 5,611,000 | 8,661,000 | 5,196,000 |
| Revenue | US$ in thousands | 42,964,000 | 44,622,000 | 56,902,000 | 54,968,000 | 38,542,000 |
| Gross profit margin | 5.80% | 5.14% | 9.86% | 15.76% | 13.48% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $2,491,000K ÷ $42,964,000K
= 5.80%
Based on the data provided, Dow Inc's gross profit margin has exhibited fluctuations over the years. The trend shows that the gross profit margin increased from 13.48% as of December 31, 2020, to 15.76% as of December 31, 2021, indicating an improvement in profitability. However, there was a significant decline in the gross profit margin to 9.86% as of December 31, 2022, followed by a further decrease to 5.14% as of December 31, 2023.
The decline in the gross profit margin suggests challenges in managing costs or pricing pressures that impacted the company's profitability during these periods. It is crucial for Dow Inc to closely monitor its cost structure and pricing strategies to address the downward trend in gross profit margin. As of December 31, 2024, there was a slight increase to 5.80%, but the company may need to undertake strategic initiatives to improve its profitability further.
Peer comparison
Dec 31, 2024