Stepan Company (SCL)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 277,598 | 278,953 | 326,193 | 391,410 | 427,069 | 442,562 | 415,982 | 396,049 | 395,810 | 421,349 | 426,510 | 413,324 | 383,613 | 359,565 | 339,910 | 334,374 | 339,714 | 329,564 | 335,738 | 332,760 |
| Revenue (ttm) | US$ in thousands | 2,306,119 | 2,409,124 | 2,565,319 | 2,735,064 | 2,759,510 | 2,746,863 | 2,632,121 | 2,477,612 | 2,339,459 | 2,223,132 | 2,085,032 | 1,950,387 | 1,863,537 | 1,821,473 | 1,808,473 | 1,819,863 | 1,859,078 | 1,880,747 | 1,936,514 | 2,504,002 |
| Gross profit margin | 12.04% | 11.58% | 12.72% | 14.31% | 15.48% | 16.11% | 15.80% | 15.99% | 16.92% | 18.95% | 20.46% | 21.19% | 20.59% | 19.74% | 18.80% | 18.37% | 18.27% | 17.52% | 17.34% | 13.29% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $277,598K ÷ $2,306,119K
= 12.04%
Over the past eight quarters, Stepan Co.'s gross profit margin has displayed a declining trend. The gross profit margin has gradually decreased from 15.40% in Q4 2022 to 11.94% in Q4 2023. This decline may indicate challenges in maintaining profitability in the company's operations, possibly due to factors such as increasing costs of goods sold or pricing pressures in the market. Additionally, the fluctuation in gross profit margin from quarter to quarter suggests that Stepan Co. may be facing volatility in its pricing strategies or production efficiency. Further analysis of the company's cost structure and pricing mechanisms is recommended to understand the drivers behind the downward trend in gross profit margin and to identify areas for potential improvement in profitability.
Peer comparison
Dec 31, 2023