Ingevity Corp (NGVT)

Gross profit margin

		Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	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
Gross profit (ttm)	US$ in thousands	454,700	412,300	411,400	441,200	471,900	517,800	565,100	562,700	570,100	569,700	535,200	524,400	512,800	535,200	533,000	477,100	465,500	449,100	449,000	499,500
Revenue (ttm)	US$ in thousands	1,402,200	1,382,300	1,451,400	1,542,600	1,595,100	1,639,900	1,675,900	1,614,000	1,604,200	1,566,500	1,461,300	1,399,800	1,337,300	1,381,100	1,336,000	1,248,200	1,215,700	1,193,500	1,220,200	1,300,800
Gross profit margin		32.43%	29.83%	28.35%	28.60%	29.58%	31.58%	33.72%	34.86%	35.54%	36.37%	36.62%	37.46%	38.35%	38.75%	39.90%	38.22%	38.29%	37.63%	36.80%	38.40%

December 31, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $454,700K ÷ $1,402,200K
= 32.43%

The gross profit margin of Ingevity Corp has shown some fluctuations over the analyzed period, starting at 38.40% on March 31, 2020, dipping to a low of 28.60% on March 31, 2024, and then recovering slightly to 32.43% on December 31, 2024. The trend indicates some volatility in the company's ability to generate profits from its core operations.

The business experienced a peak in gross profit margin of 39.90% on June 30, 2021, suggesting a period of strong profitability, but this was followed by a downward trend, reaching its lowest point on December 31, 2024. This downward trend may raise concerns about the company's cost management or pricing strategies impacting its profitability.

Overall, the analysis of Ingevity Corp's gross profit margin highlights the importance of monitoring operational efficiency and cost control measures to sustain and improve profitability in the future.