ABM Industries Incorporated (ABM)
Gross profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 206,900 | 324,400 | 310,600 | 172,300 | 830,700 |
| Revenue | US$ in thousands | 8,359,400 | 8,014,100 | 7,765,500 | 6,200,000 | 5,943,000 |
| Gross profit margin | 2.48% | 4.05% | 4.00% | 2.78% | 13.98% |
October 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $206,900K ÷ $8,359,400K
= 2.48%
The gross profit margin of ABM Industries Incorporated has shown fluctuations over the past five years. In 2020, the company had a notably high gross profit margin of 13.98%, which subsequently decreased to 2.78% in 2021. There was a slight improvement in 2022 with a margin of 4.00%, followed by a further increase to 4.05% in 2023. However, in 2024, the gross profit margin declined to 2.48%.
This fluctuation in gross profit margin may indicate changes in the company's cost structure, pricing strategies, or efficiency in managing production costs. It is crucial for ABM Industries to analyze the underlying reasons for these fluctuations to ensure sustainable profitability and operational effectiveness.
Peer comparison
Oct 31, 2024