Materion Corporation (MTRN)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 325,985 | 349,042 | 343,880 | 283,762 | 192,633 |
| Revenue | US$ in thousands | 1,648,800 | 1,633,630 | 1,735,870 | 1,504,450 | 1,174,500 |
| Gross profit margin | 19.77% | 21.37% | 19.81% | 18.86% | 16.40% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $325,985K ÷ $1,648,800K
= 19.77%
Materion Corporation has demonstrated an upward trend in its gross profit margin over the years based on the provided data. The gross profit margin increased consistently from 16.40% as of December 31, 2020, to 19.77% as of December 31, 2024.
The company's ability to improve its gross profit margin indicates effective cost management strategies, pricing power, or a favorable product mix. However, the slight dip in the gross profit margin in 2024 compared to the previous year warrants further investigation into the factors influencing this decrease.
Overall, Materion Corporation's improving gross profit margin reflects a positive trend in its operational efficiency and profitability, highlighting its ability to generate profits after accounting for direct production costs such as materials and labor.