Apogee Enterprises Inc (APOG)
Gross profit margin
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 367,128 | 335,273 | 274,161 | 275,690 | 318,959 |
| Revenue | US$ in thousands | 1,416,940 | 1,440,700 | 1,313,980 | 1,230,770 | 1,387,440 |
| Gross profit margin | 25.91% | 23.27% | 20.86% | 22.40% | 22.99% |
March 2, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $367,128K ÷ $1,416,940K
= 25.91%
The gross profit margin of Apogee Enterprises Inc has shown an increasing trend over the past five years. The margin stood at 22.99% in Fiscal Year 2020 and has steadily improved to reach 25.91% in Fiscal Year 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. The consistent improvement in gross profit margin reflects positively on Apogee's operational efficiency and pricing strategies, ultimately contributing to its overall profitability.