Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $3,129 | $3,328 | $7,320 | $9,617 | $5,378 |
| Gross Profit | $995 | $998 | $3,075 | $1,186 | $63 |
| Operating Income | $506 | $798 | $2,470 | $252 | -$1,777 |
| Net Income | $376 | $124 | $2,690 | $1,573 | -$1,179 |
Over the five-year period, Albemarle Corporation’s revenue grew from approximately USD 3.13 billion in 2020 to a peak of about USD 9.62 billion in 2023, before contracting to roughly USD 5.38 billion in 2024. Initially, modest revenue increases were observed between 2020 and 2021. However, 2022 marked a significant jump, with revenue more than doubling compared to the previous year—a growth of over 100%—accompanied by a dramatic rise in gross profit (from approximately USD 998 million in 2021 to USD 3,075 million) and operating income (from around USD 798 million to USD 2,470 million). This suggests that the company benefitted from favorable market conditions or operational improvements during that year. Nevertheless, the following years witnessed stark reversals. In 2023, despite revenue continuing its upward trend by roughly 31% over 2022, gross profit plummeted to approximately USD 1,186 million and operating income fell precipitously to around USD 252 million, indicating significant margin compression. The downward trend worsened in 2024, where revenue contracted by about 44% relative to 2023, gross profit fell to near USD 62.5 million, and both operating income and net income swung to negative territory (approximately –USD 1,777 million and –USD 1,179 million, respectively). This volatility, especially the extreme year-over-year swings exceeding 20% or more, raises concerns about the sustainability of margins and overall profitability. In conclusion, while the company experienced periods of strong growth, the recent severe declines in profitability metrics signal potential operational challenges that merit deeper analysis.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.