Minerals Technologies Inc (MTX)
Profitability ratios
Return on sales
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Gross profit margin | 25.85% | 100.00% | 21.88% | 24.03% | 25.42% |
| Operating profit margin | 13.52% | 7.92% | 7.17% | 7.61% | 6.47% |
| Pretax margin | 10.55% | 4.96% | 7.37% | 10.89% | 8.65% |
| Net profit margin | 7.89% | 3.88% | 5.75% | 8.85% | 7.05% |
Minerals Technologies Inc's profitability ratios show a mixed trend over the past five years.
Starting with the gross profit margin, the company experienced a decline from 25.42% in 2020 to 21.88% in 2022 before experiencing a significant increase to 100.00% in 2023, suggesting a potential anomaly or shift in the business operations. The margin then settled to 25.85% in 2024, indicating a recovery back to a more typical level.
On the operating profit margin front, there was a gradual improvement from 6.47% in 2020 to 13.52% in 2024. This indicates that the company was able to enhance its operational efficiency and control costs over the period.
Looking at the pretax margin, there was volatility in the profitability, with a notable increase in 2021 followed by a decline in 2022 and 2023, before rebounding in 2024. This could suggest fluctuations in the company's income before taxes.
Lastly, the net profit margin also showed variability, with a peak in 2021 and subsequent decreases in 2022 and 2023, before a moderate recovery in 2024. This indicates that after-tax profitability had some instability over the years.
Overall, while there were fluctuations in profitability ratios, the company was able to improve its operational efficiency and profitability over the analyzed period, with a notable recovery in gross and net profit margins in 2024 compared to the previous years.
Return on investment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 8.44% | 5.13% | 4.48% | 4.19% | 3.22% |
| Return on assets (ROA) | 4.92% | 2.51% | 3.60% | 4.87% | 3.50% |
| Return on total capital | 16.03% | 10.40% | 12.92% | 15.78% | 12.19% |
| Return on equity (ROE) | 9.56% | 5.09% | 7.74% | 10.68% | 7.69% |
Minerals Technologies Inc's profitability ratios show a positive trend over the years, indicating improving performance.
- Operating return on assets (Operating ROA) increased from 3.22% in 2020 to 8.44% in 2024, demonstrating the company's effectiveness in generating operating income relative to its total assets.
- Return on assets (ROA) fluctuated but generally improved from 3.50% in 2020 to 4.92% in 2024, reflecting the company's ability to generate profits from its total assets.
- Return on total capital increased from 12.19% in 2020 to 16.03% in 2024, indicating the company's efficiency in generating returns from both its debt and equity capital.
- Return on equity (ROE) also showed an upward trend from 7.69% in 2020 to 9.56% in 2024, demonstrating the company's ability to generate returns for its shareholders.
Overall, the profitability ratios of Minerals Technologies Inc portray a positive picture of the company's financial performance, with increasing returns on assets, total capital, and equity over the years.