Materion Corporation (MTRN)
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 | 349,042 | 367,746 | 361,553 | 359,925 | 343,880 | 318,533 | 310,103 | 292,257 | 283,762 | 266,487 | 237,485 | 214,859 | 192,633 | 191,318 | 212,612 | 237,654 | 262,690 | 274,260 | 272,590 | 262,431 |
| Revenue (ttm) | US$ in thousands | 1,633,620 | 1,648,357 | 1,675,646 | 1,725,472 | 1,735,899 | 2,803,789 | 2,384,788 | 1,947,417 | 1,504,455 | 348,644 | 352,178 | 357,767 | 364,481 | 304,953 | 315,512 | 325,994 | 333,810 | 351,719 | 347,825 | 339,962 |
| Gross profit margin | 21.37% | 22.31% | 21.58% | 20.86% | 19.81% | 11.36% | 13.00% | 15.01% | 18.86% | 76.44% | 67.43% | 60.06% | 52.85% | 62.74% | 67.39% | 72.90% | 78.69% | 77.98% | 78.37% | 77.19% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $349,042K ÷ $1,633,620K
= 21.37%
Materion Corp's gross profit margin has shown a positive trend over the quarters in the latest financial year. The company's gross profit margin has consistently improved from 18.21% in Q1 2022 to 20.96% in Q4 2023. This indicates that Materion Corp has been able to effectively manage its production costs and pricing strategies, resulting in a higher percentage of revenue retained as gross profit. The gradual increase in the gross profit margin reflects improved operational efficiency and potentially stronger pricing power in the market. This trend is favorable as it suggests that Materion Corp is becoming more profitable in its core business activities.