AZZ Incorporated (AZZ)
Gross profit margin
| Feb 29, 2024 | Feb 28, 2023 | Feb 28, 2022 | Feb 28, 2021 | Feb 29, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 363,461 | 295,943 | 146,153 | 122,899 | 237,228 |
| Revenue | US$ in thousands | 1,537,590 | 1,323,650 | 525,598 | 480,574 | 1,061,820 |
| Gross profit margin | 23.64% | 22.36% | 27.81% | 25.57% | 22.34% |
February 29, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $363,461K ÷ $1,537,590K
= 23.64%
The gross profit margin of AZZ Incorporated has exhibited fluctuations over the past five fiscal years. In the most recent fiscal year, ending on February 29, 2024, the company's gross profit margin stood at 23.64%, representing a slight increase compared to the previous year's margin of 22.36%.
The gross profit margin was notably higher in the fiscal year ending on February 28, 2022, at 27.81%, indicating stronger profitability derived from the company's core business operations. This was a noteworthy improvement from the margin of 25.57% recorded in the fiscal year ending on February 28, 2021.
Looking further back, AZZ Incorporated had a gross profit margin of 22.34% in the fiscal year ending on February 29, 2020. The overall trend showcases variability in the company's ability to generate profits from its revenue, with some years showing better performance in this aspect compared to others. Analyzing the factors influencing these fluctuations in the gross profit margin could provide valuable insights into the company's operational efficiency and pricing strategies.
Peer comparison
Feb 29, 2024