Ingevity Corp (NGVT)

Operating 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
Operating income (ttm)	US$ in thousands	369,000	350,200	350,400	369,800	396,800	409,300	437,100	437,500	452,600	457,900	439,200	435,800	422,200	453,500	461,600	411,100	397,900	378,100	364,500	405,600
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
Operating profit margin		26.32%	25.33%	24.14%	23.97%	24.88%	24.96%	26.08%	27.11%	28.21%	29.23%	30.06%	31.13%	31.57%	32.84%	34.55%	32.94%	32.73%	31.68%	29.87%	31.18%

December 31, 2024 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $369,000K ÷ $1,402,200K
= 26.32%

The operating profit margin of Ingevity Corp has shown fluctuations over the period from March 31, 2020, to December 31, 2024.

The operating profit margin started at 31.18% on March 31, 2020, and generally increased until reaching a peak of 34.55% on June 30, 2021. This increase indicates that the company was able to effectively control its operating expenses and generate higher profits from its operations during this period.

However, from September 30, 2021, to December 31, 2024, the operating profit margin began to decline. It decreased steadily to 26.32% by December 31, 2024. This decline could be indicative of various factors such as increased operating expenses, lower sales prices, or inefficiencies in operations during this period.

Overall, analyzing the trend of the operating profit margin helps in evaluating the company's operational efficiency and profitability over time. Further assessment of the underlying factors contributing to the fluctuations in the operating profit margin could provide insights into the company's performance and potential areas of improvement.