Enviri Corporation (NVRI)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 435,563 | 335,730 | 357,800 | 291,700 | 1,226,650 |
| Revenue | US$ in thousands | 2,069,220 | 1,889,060 | 1,848,400 | 1,534,030 | 1,204,370 |
| Gross profit margin | 21.05% | 17.77% | 19.36% | 19.02% | 101.85% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $435,563K ÷ $2,069,220K
= 21.05%
The gross profit margin of Enviri Corp has displayed some fluctuations over the past five years. In 2023, the gross profit margin improved to 21.05%, up from 17.77% in 2022 but still lower compared to 2019 when it was at 23.90%. The company witnessed a dip in the gross profit margin in 2020 and 2021 but managed to recover in 2022 and further improve in 2023. Overall, Enviri Corp's gross profit margin has shown some variability, indicating potential changes in its cost of goods sold or pricing strategies over the years. Further analysis of the underlying reasons behind these fluctuations would be necessary to fully understand the company's financial performance.