Apogee Enterprises Inc (APOG)
Operating profit margin
| Mar 2, 2024 | Feb 25, 2023 | Feb 26, 2022 | Feb 27, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 133,833 | 125,788 | 22,045 | 25,527 | 87,848 |
| Revenue | US$ in thousands | 1,416,940 | 1,440,700 | 1,313,980 | 1,230,770 | 1,387,440 |
| Operating profit margin | 9.45% | 8.73% | 1.68% | 2.07% | 6.33% |
March 2, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $133,833K ÷ $1,416,940K
= 9.45%
The operating profit margin of Apogee Enterprises Inc has exhibited fluctuations over the past five years. In the most recent fiscal year ending on March 2, 2024, the operating profit margin was 9.45%, representing an increase from the previous year's margin of 8.73%. This improvement suggests enhanced operational efficiency and effectiveness in managing operating expenses relative to revenue.
Comparatively, the operating profit margin was notably lower in the fiscal years ending in 2022 and 2021 at 1.68% and 2.07% respectively. These lower margins may indicate challenges in cost control and revenue generation during those periods.
The highest operating profit margin in the data set was observed in the fiscal year ending on February 29, 2020, at 6.33%. This peak in profitability could be attributed to strong performance in managing operating costs and maximizing revenue during that year.
Overall, the trend in Apogee Enterprises Inc's operating profit margin shows variability, with recent improvements indicating a positive trajectory in operational performance. It is advisable for stakeholders to closely monitor the company's operating margin trend to assess its ongoing profitability and financial health.