Minerals Technologies Inc (MTX)
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 | 507,100 | 479,500 | 464,700 | 464,000 | 465,000 | 473,300 | 468,300 | 456,400 | 446,500 | 451,800 | 436,900 | 410,400 | 405,400 | 401,800 | 414,600 | 437,700 | 440,600 | 445,700 | 453,700 | 457,600 |
| Revenue (ttm) | US$ in thousands | 2,122,900 | 2,110,600 | 2,102,100 | 2,111,700 | 2,074,900 | 2,047,400 | 1,987,400 | 1,887,300 | 1,820,700 | 1,785,000 | 1,699,200 | 1,601,800 | 1,567,300 | 1,575,700 | 1,635,800 | 1,739,600 | 1,757,700 | 1,765,000 | 1,779,100 | 1,790,900 |
| Gross profit margin | 23.89% | 22.72% | 22.11% | 21.97% | 22.41% | 23.12% | 23.56% | 24.18% | 24.52% | 25.31% | 25.71% | 25.62% | 25.87% | 25.50% | 25.35% | 25.16% | 25.07% | 25.25% | 25.50% | 25.55% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $507,100K ÷ $2,122,900K
= 23.89%
Minerals Technologies, Inc.'s gross profit margin has shown some fluctuations in recent quarters. The trend indicates a slight decrease in the gross profit margin from Q1 2022 to Q4 2023. Despite some variability, the gross profit margins have generally ranged between 21.56% and 23.71%. The company's ability to generate profits from its core operations has been relatively stable, with the highest gross profit margin observed in Q1 2022. It is important for the company to closely monitor and manage its cost of goods sold to maintain healthy levels of profitability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Gross profit margin
Minerals Technologies Inc
MTX
23.89%
Air Products and Chemicals Inc
APD
30.19%
Linde plc Ordinary Shares
LIN
24.93%