Minerals Technologies Inc (MTX)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 547,700 | 2,169,900 | 465,000 | 446,500 | 405,400 |
| Revenue | US$ in thousands | 2,118,500 | 2,169,900 | 2,125,500 | 1,858,300 | 1,594,800 |
| Gross profit margin | 25.85% | 100.00% | 21.88% | 24.03% | 25.42% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $547,700K ÷ $2,118,500K
= 25.85%
The gross profit margin of Minerals Technologies Inc has shown some fluctuation over the past five years. It decreased from 25.42% on December 31, 2020, to 24.03% on December 31, 2021, indicating a slight decline in the company's ability to generate profits from its core business activities. The margin then dropped further to 21.88% by December 31, 2022, suggesting potential challenges in managing production costs or pricing strategies.
Interestingly, there was a significant spike in the gross profit margin to 100.00% on December 31, 2023, which may be attributed to one-time events or accounting adjustments that distorted the ratio. This anomaly should be investigated further to understand its underlying causes and implications.
Finally, the margin recovered slightly to 25.85% by December 31, 2024, showing a return to a more normalized level of profitability. Overall, the trend in the gross profit margin of Minerals Technologies Inc underscores the importance of monitoring and analyzing financial ratios over time to identify patterns and potential areas of improvement in the company's operations.
Peer comparison
Dec 31, 2024