Innospec Inc (IOSP)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Gross profit (ttm)	US$ in thousands	542,900	562,400	575,500	599,000	591,100	587,000	605,800	595,200	586,700	548,000	504,900	473,400	434,900	413,000	378,800	329,600	342,700	369,900	410,300	462,300
Revenue (ttm)	US$ in thousands	1,845,600	1,873,500	1,894,100	1,939,500	1,948,800	1,964,800	2,013,700	2,000,900	1,963,700	1,866,200	1,729,300	1,616,200	1,483,400	1,380,200	1,269,200	1,159,600	1,192,200	1,272,800	1,379,600	1,497,100
Gross profit margin		29.42%	30.02%	30.38%	30.88%	30.33%	29.88%	30.08%	29.75%	29.88%	29.36%	29.20%	29.29%	29.32%	29.92%	29.85%	28.42%	28.75%	29.06%	29.74%	30.88%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $542,900K ÷ $1,845,600K
= 29.42%

Innospec Inc's gross profit margin has displayed fluctuations over the reporting periods provided. The trend shows a slight decline in the margin from March 31, 2020, at 30.88% to December 31, 2021, at 29.32%. However, there was a slight recovery in the margin in the subsequent periods. By the end of the period on December 31, 2024, the gross profit margin stood at 29.42%.

It is important to note that fluctuations in gross profit margins can be influenced by various factors such as changes in sales prices, cost of goods sold, and operational efficiencies. It is recommended to further analyze the underlying reasons for these fluctuations to better understand the company's performance and profitability.