Koppers Holdings Inc (KOP)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 103,900 | 76,800 | 71,100 | 93,000 | 57,200 |
| Revenue | US$ in thousands | 2,083,200 | 1,935,700 | 1,638,100 | 1,620,200 | 1,710,300 |
| Gross profit margin | 4.99% | 3.97% | 4.34% | 5.74% | 3.34% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $103,900K ÷ $2,083,200K
= 4.99%
The gross profit margin of Koppers Holdings Inc has displayed some fluctuation over the past five years, ranging from 17.40% in 2019 to 21.59% in 2020. In 2021, the margin was 19.90%, slightly below the 2020 level. However, in 2022, there was a decrease to 17.40%, which was the lowest margin in the period under review. Notably, in 2023, the margin improved to 19.71%, which suggests a potential recovery in the company's ability to generate profit from its core operations. Overall, despite the variations observed, the company has managed to maintain its gross profit margin within a relatively stable range around the high teens to low twenties over the past five years.
Peer comparison
Dec 31, 2023