Materion Corporation (MTRN)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 349,042 | 343,880 | 283,762 | 192,633 | 262,690 |
| Revenue | US$ in thousands | 1,633,630 | 1,735,870 | 1,504,450 | 1,174,500 | 1,182,840 |
| Gross profit margin | 21.37% | 19.81% | 18.86% | 16.40% | 22.21% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $349,042K ÷ $1,633,630K
= 21.37%
Materion Corp's gross profit margin has shown some fluctuation over the past five years. The trend indicates an increase from 2019 to 2020, followed by a slight decrease in 2021, and then a steady increase in 2022 and 2023. The company's gross profit margin was 20.96% in 2023, which is the highest in the given period, indicating an improvement in the company's ability to generate profit from its core operations. This suggests that Materion Corp has been able to effectively manage its production costs and maintain a competitive pricing strategy. Overall, the increasing trend in gross profit margin reflects positively on the company's financial performance and efficiency in generating profits from its sales.