LyondellBasell Industries NV (LYB)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,564,000 | 5,258,000 | 6,604,000 | 8,776,000 | 3,394,000 |
| Revenue | US$ in thousands | 40,302,000 | 41,107,000 | 50,451,000 | 46,173,000 | 27,753,000 |
| Gross profit margin | 11.32% | 12.79% | 13.09% | 19.01% | 12.23% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,564,000K ÷ $40,302,000K
= 11.32%
The gross profit margin of LyondellBasell Industries NV has shown variability over the past five years.
In December 2020, the gross profit margin was at 12.23%, indicating that for every dollar of revenue, the company retained $0.1223 as gross profit after accounting for the cost of goods sold. The margin then increased significantly to 19.01% by December 2021, suggesting improved efficiency in managing production costs and pricing strategies.
However, in the following years, the gross profit margin experienced fluctuations. By December 2022, it dropped to 13.09%, showing a decline in profitability compared to the previous year. This trend continued in December 2023, with the margin further decreasing to 12.79%.
By the end of December 2024, the gross profit margin fell to 11.32%, reaching the lowest point in the five-year period. This decline could be attributed to various factors such as increased production costs, changes in pricing strategies, or shifts in market demand.
Overall, the analysis of LyondellBasell Industries NV's gross profit margin indicates mixed performance in managing production costs and generating gross profit relative to revenue over the past five years.
Peer comparison
Dec 31, 2024