Matson Inc (MATX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 855,900 | 623,900 | 1,531,500 | 1,367,700 | 479,000 |
| Revenue | US$ in thousands | 3,421,800 | 3,094,600 | 4,343,000 | 3,925,300 | 2,383,300 |
| Gross profit margin | 25.01% | 20.16% | 35.26% | 34.84% | 20.10% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $855,900K ÷ $3,421,800K
= 25.01%
Based on the data provided, the gross profit margin of Matson Inc has shown fluctuations over the past five years. In December 2020, the gross profit margin was at 20.10%, indicating that for every dollar of revenue generated, the company retained $0.201 in gross profit after accounting for the cost of goods sold.
There was a noticeable improvement in performance by the end of December 2022, with the gross profit margin increasing to 35.26%. This suggests that the company was able to effectively manage its production costs and boost profitability during this period.
However, the gross profit margin dipped in December 2023 to 20.16%, which was a significant decrease from the previous year. This decline may raise concerns about the company's ability to control its cost of goods sold or potential pricing pressures in the industry.
By the end of December 2024, the gross profit margin improved to 25.01%, showing some recovery from the previous year but still below the peak in 2022. It is essential for Matson Inc to monitor and analyze its cost structure to sustain or improve its gross profit margin in the future and ensure long-term profitability.
Peer comparison
Dec 31, 2024