Minerals Technologies Inc (MTX)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 84,100 | 64,200 | 96,800 | 115,100 | 122,200 | 143,600 | 171,600 | 168,600 | 164,400 | 154,300 | 141,200 | 113,700 | 112,400 | 110,300 | 120,000 | 132,200 | 132,700 | 146,800 | 150,700 | 168,200 |
| 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 |
| Net profit margin | 3.96% | 3.04% | 4.60% | 5.45% | 5.89% | 7.01% | 8.63% | 8.93% | 9.03% | 8.64% | 8.31% | 7.10% | 7.17% | 7.00% | 7.34% | 7.60% | 7.55% | 8.32% | 8.47% | 9.39% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $84,100K ÷ $2,122,900K
= 3.96%
Minerals Technologies, Inc.'s net profit margin has shown fluctuations over the past eight quarters. The net profit margin, which represents the percentage of revenue remaining after all expenses have been deducted, ranged from a low of 2.98% in Q3 2023 to a high of 8.76% in Q1 2022.
The trend indicates a general decline in profitability over the recent quarters, with the net profit margin steadily decreasing from 8.76% in Q1 2022 to 3.88% in Q4 2023. This indicates that the company's ability to generate profits from its core business operations has weakened over time.
It is important for investors and stakeholders to monitor this trend closely as declining profitability can impact the overall financial health and sustainability of Minerals Technologies, Inc. Further analysis and investigation into the factors driving these fluctuations in net profit margin are warranted to assess the company's future performance and make informed decisions.
Peer comparison
Dec 31, 2023