Polymet Mining Gross Profit

Polymet Mining posts a gross profit of $-290K as of June 2023. That compares with $-250K in the prior-year period — down 18.1% year over year. That is below the Materials sector average of $47B. Comparing that reading with peers and prior periods is usually more useful than looking at the number in isolation.

In the prior comparable period, Polymet Mining's gross profit was $-250K. The latest reading is $-290K — a 18.1% year-over-year decrease (period ending June 2023). Use the history and growth charts on this page for a longer lookback.

For Materials stocks, a gross profit near $47B is typical. Polymet Mining's $-290K is lower that level. That is roughly 100.0% below the sector mean. Whether that is a warning or an opportunity depends on growth outlook and other fundamentals shown elsewhere on Stockcircle.

Gross Profit is one piece of Polymet Mining's financial statement story. At $-290K, it should be interpreted next to related metrics — for example revenue with costs, assets with liabilities, or income with margins. Stockcircle links those related pages so you can move from this number to the surrounding context quickly.

Context for PLM's gross profit usually means three checks: (1) trend versus prior periods, (2) level versus peers (average $47B), and (3) consistency with growth and profitability. This page covers the first two; Polymet Mining's other metric pages and overview cover the third.