ABM Industries Incorporated (ABM)
Gross profit margin
| Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | Apr 30, 2020 | Jan 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 165,300 | 234,100 | 314,700 | 325,700 | 324,500 | 302,900 | 262,500 | 258,200 | 307,900 | 294,700 | 201,400 | 176,600 | 178,100 | 371,900 | 606,800 | 754,200 | 830,700 | 783,000 | 757,700 | 748,300 |
| Revenue (ttm) | US$ in thousands | 8,317,500 | 8,212,500 | 8,125,600 | 8,090,900 | 8,014,100 | 7,936,900 | 7,879,900 | 7,807,000 | 7,765,500 | 7,459,900 | 7,046,400 | 6,646,000 | 6,199,900 | 5,994,900 | 5,838,400 | 5,834,300 | 5,953,100 | 6,116,500 | 6,371,200 | 6,467,600 |
| Gross profit margin | 1.99% | 2.85% | 3.87% | 4.03% | 4.05% | 3.82% | 3.33% | 3.31% | 3.96% | 3.95% | 2.86% | 2.66% | 2.87% | 6.20% | 10.39% | 12.93% | 13.95% | 12.80% | 11.89% | 11.57% |
October 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $165,300K ÷ $8,317,500K
= 1.99%
The gross profit margin of ABM Industries Incorporated has shown fluctuations over the past years, with a general decreasing trend from October 2020 to October 2024. The gross profit margin decreased from 11.57% in October 2020 to 1.99% in October 2024.
This decline may indicate challenges in maintaining profitability or managing costs efficiently. A gross profit margin below industry averages or historical performance levels may raise concerns about the company's ability to generate profits from its core business operations.
Further analysis of cost structures, pricing strategies, and revenue streams may be necessary to identify the factors contributing to the declining trend in gross profit margin and to develop strategies for improvement.
Peer comparison
Oct 31, 2024