ABM Industries Incorporated (ABM)
Net profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 81,400 | 251,300 | 230,400 | 126,300 | 300 |
| Revenue | US$ in thousands | 8,359,400 | 8,014,100 | 7,765,500 | 6,200,000 | 5,943,000 |
| Net profit margin | 0.97% | 3.14% | 2.97% | 2.04% | 0.01% |
October 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $81,400K ÷ $8,359,400K
= 0.97%
The net profit margin of ABM Industries Incorporated has fluctuated over the past five years. In the most recent fiscal year ending on October 31, 2024, the net profit margin was 0.97%, marking a decrease from the previous year's margin of 3.14% in October 2023. Despite this decline, it is important to note that the net profit margin remained positive, indicating that the company generated profit relative to its revenue.
Looking further back, the net profit margin in October 2022 and 2021 stood at 2.97% and 2.04%, respectively, showing a relatively stable performance during those periods. Notably, there was a significant improvement in profitability from October 2020 when the net profit margin was a minimal 0.01%.
The fluctuations in ABM Industries' net profit margin suggest varying levels of efficiency in cost management and revenue generation over the years. It would be essential for stakeholders to analyze the underlying factors driving these changes to assess the company's financial health and sustainability.
Peer comparison
Oct 31, 2024