Minerals Technologies Inc (MTX)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 84,100 | 122,200 | 164,400 | 112,400 | 132,700 |
| Revenue | US$ in thousands | 2,108,700 | 2,074,800 | 1,820,700 | 1,556,400 | 1,745,900 |
| Net profit margin | 3.99% | 5.89% | 9.03% | 7.22% | 7.60% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $84,100K ÷ $2,108,700K
= 3.99%
The net profit margin of Minerals Technologies, Inc. has experienced fluctuations over the past five years. In 2021, the company achieved a relatively high net profit margin of 8.85%, indicating that for every dollar of revenue generated, the company retained $0.0885 as profit after accounting for all expenses. However, in subsequent years, the net profit margin decreased, with the margin falling to 5.75% in 2022 and further decreasing to 3.88% in 2023.
The declining trend in net profit margin from 2021 to 2023 suggests that the company may be experiencing challenges in controlling costs, increasing efficiencies, or maximizing profitability relative to its revenue. A lower net profit margin could also be indicative of pricing pressures, increased competition, or other external factors impacting the company's profitability.
It is essential for Minerals Technologies, Inc. to closely monitor and address the factors affecting its net profit margin to ensure sustainable profitability and long-term success in the competitive market environment.
Peer comparison
Dec 31, 2023