Apogee Enterprises Inc (APOG)
Gross profit margin
| Feb 28, 2025 | Mar 2, 2024 | Feb 29, 2024 | Feb 28, 2023 | Feb 25, 2023 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 359,893 | 367,128 | 372,628 | 335,273 | 335,273 |
| Revenue | US$ in thousands | 1,360,990 | 1,416,940 | 1,416,940 | 1,440,700 | 1,440,700 |
| Gross profit margin | 26.44% | 25.91% | 26.30% | 23.27% | 23.27% |
February 28, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $359,893K ÷ $1,360,990K
= 26.44%
The gross profit margin of Apogee Enterprises Inc has shown a relatively stable trend over the past few years. From February 25, 2023, to February 28, 2023, the gross profit margin remained constant at 23.27%. Subsequently, there was a noticeable increase to 26.30% on February 29, 2024, followed by a slight decrease to 25.91% on March 2, 2024. The most recent data point, on February 28, 2025, reflects a further improvement to 26.44%.
This indicates that Apogee Enterprises Inc has been able to maintain a consistent level of gross profit relative to its revenue, with a positive trend in recent years. The increase in the gross profit margin suggests that the company may have implemented cost-saving measures, increased pricing power, or improved operational efficiency, which are all positive indicators for its financial performance. However, the slight fluctuation in the margin from period to period may warrant further investigation to understand the underlying factors driving these changes.