Ingevity Corp (NGVT)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	-5,400	211,600	118,100	181,400	183,700
Revenue	US$ in thousands	1,595,100	1,604,200	1,337,300	1,174,800	1,238,100
Net profit margin		-0.34%	13.19%	8.83%	15.44%	14.84%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $-5,400K ÷ $1,595,100K
= -0.34%

The net profit margin of Ingevity Corp has shown fluctuation over the past five years. In 2019 and 2020, the company demonstrated strong profitability with net profit margins of 14.21% and 14.92% respectively. However, in 2021, the net profit margin decreased to 8.49%. The company experienced a more significant decline in profitability in 2022 with a net profit margin of 12.68%.

In 2023, Ingevity Corp's net profit margin turned negative at -0.32%, indicating that the company incurred a net loss for the year. This negative result may raise concerns about the company's ability to generate profits and manage costs effectively.

Overall, the fluctuation in Ingevity Corp's net profit margin suggests variability in the company's profitability performance over the analyzed period, with the most recent year showing a significant decline that warrants further investigation into the factors impacting the company's financial performance.