Mativ Holdings Inc. (MATV)
Gross profit margin
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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Gross profit (ttm) | US$ in thousands | 410,100 | 543,200 | 552,600 | 523,700 | 507,300 | 364,500 | 353,600 | 342,100 | 330,300 | 333,600 | 328,600 | 314,800 | 308,300 | 299,700 | 291,700 | 296,400 | 290,000 | 282,900 | 276,000 | 274,400 |
Revenue (ttm) | US$ in thousands | 2,204,600 | 2,392,000 | 2,560,900 | 2,326,800 | 2,069,000 | 1,839,000 | 1,557,000 | 1,515,700 | 1,408,700 | 1,297,700 | 1,200,900 | 1,082,300 | 1,051,600 | 1,010,700 | 988,900 | 997,600 | 993,200 | 1,003,400 | 1,014,000 | 1,029,600 |
Gross profit margin | 18.60% | 22.71% | 21.58% | 22.51% | 24.52% | 19.82% | 22.71% | 22.57% | 23.45% | 25.71% | 27.36% | 29.09% | 29.32% | 29.65% | 29.50% | 29.71% | 29.20% | 28.19% | 27.22% | 26.65% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $410,100K ÷ $2,204,600K
= 18.60%
The gross profit margin of Mativ Holdings Inc has shown a downward trend over the last eight quarters, decreasing from 20.19% in Q4 2022 to 17.56% in Q4 2023. This indicates that the company's profitability from its core business operations has been declining. The highest gross profit margin was recorded in Q2 2022 at 22.00%, but it has since been on a gradual decline. It is essential for the company to investigate the reasons behind this trend and take necessary steps to improve efficiency and cost control to potentially increase their profit margins in the future.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Mativ Holdings Inc.
MATV
18.60%
International Paper
IP
18.95%
Sylvamo Corp
SLVM
10.53%