Innospec Inc (IOSP)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 542,900 | 591,100 | 586,700 | 434,900 | 342,700 |
| Revenue | US$ in thousands | 1,845,600 | 1,948,800 | 1,963,700 | 1,483,400 | 1,192,300 |
| Gross profit margin | 29.42% | 30.33% | 29.88% | 29.32% | 28.74% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $542,900K ÷ $1,845,600K
= 29.42%
Innospec Inc's gross profit margin has shown a gradual improvement over the past five years, increasing from 28.74% in December 2020 to 29.42% by December 2024. The company's ability to generate profits from its core operations has demonstrated a generally positive trend, with a peak in 2023 at 30.33%. Despite a slight decrease in 2024, the overall trajectory indicates efficient cost management and effective pricing strategies, which have contributed to enhancing the company's profitability. It is important for Innospec Inc to continue monitoring and optimizing its gross profit margin to ensure sustainable financial performance and competitiveness in the market.
Peer comparison
Dec 31, 2024