Quaker Chemical Corporation (KWR)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 686,030 | 705,644 | 612,654 | 594,640 | 513,443 |
| Revenue | US$ in thousands | 1,838,720 | 1,882,550 | 1,894,680 | 1,740,470 | 1,384,720 |
| Gross profit margin | 37.31% | 37.48% | 32.34% | 34.17% | 37.08% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $686,030K ÷ $1,838,720K
= 37.31%
Quaker Chemical Corporation's gross profit margin has shown fluctuations over the past five years. In December 31, 2020, the gross profit margin stood at 37.08%, indicating that the company was able to retain this percentage of revenue after deducting the cost of goods sold. However, by December 31, 2021, the margin decreased to 34.17%, suggesting a slight decline in the efficiency of the company's production processes or an increase in the cost of goods sold.
In the following years, the trend continued with the gross profit margin decreasing further to 32.34% by December 31, 2022. This decline in margin might require attention from management to address any potential issues impacting profitability.
However, there was a positive turnaround in December 31, 2023, with the gross profit margin improving to 37.48%. This indicates a potential improvement in operational efficiency or cost management strategies.
By December 31, 2024, the gross profit margin remained relatively stable at 37.31%, suggesting that the company was able to maintain its profitability levels.
Overall, fluctuations in Quaker Chemical Corporation's gross profit margin over the past five years highlight the importance of closely monitoring cost management and operational efficiency to sustain profitability levels.
Peer comparison
Dec 31, 2024