Ingevity Corp (NGVT)

Net profit margin

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	-430,300	-5,400	211,600	118,100	181,400
Revenue	US$ in thousands	1,402,200	1,595,100	1,604,200	1,337,300	1,174,800
Net profit margin		-30.69%	-0.34%	13.19%	8.83%	15.44%

December 31, 2024 calculation

Net profit margin = Net income ÷ Revenue
= $-430,300K ÷ $1,402,200K
= -30.69%

Based on the data provided, Ingevity Corp's net profit margin has displayed significant fluctuations over the years. The net profit margin, which represents the percentage of revenue that translates into profit after all expenses are deducted, stood at a robust 15.44% as of December 31, 2020. However, there was a notable decline in profitability in the subsequent years, dropping to 8.83% by December 31, 2021, before recovering to 13.19% by December 31, 2022.

The company faced challenges in the following years, with its net profit margin turning negative. By December 31, 2023, the net profit margin was at -0.34%, indicating that the company's expenses exceeded its revenue, resulting in a loss. The situation worsened further by December 31, 2024, with the net profit margin plummeting to -30.69%, signaling a substantial loss relative to its revenue.

In summary, Ingevity Corp's net profit margin has experienced volatility, with periods of healthy profitability followed by significant declines and, ultimately, losses. This trend underscores the importance of closely monitoring and managing expenses to ensure sustained profitability and overall financial health.