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
20.29%
Linde plc Ordinary Shares
LIN
24.93%