Brady Corporation (BRC)
Gross profit margin
| Jul 31, 2024 | Jul 31, 2023 | Jul 31, 2022 | Jul 31, 2021 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 687,884 | 657,275 | 631,552 | 561,446 | 528,565 |
| Revenue | US$ in thousands | 1,341,390 | 1,332,090 | 1,300,790 | 1,144,700 | 1,081,300 |
| Gross profit margin | 51.28% | 49.34% | 48.55% | 49.05% | 48.88% |
July 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $687,884K ÷ $1,341,390K
= 51.28%
Brady Corporation's gross profit margin has shown a consistent trend of improvement over the past five years, with figures of 48.88% in 2020, increasing to 49.05% in 2021, and further climbing to 48.55% in 2022. Notably, in the most recent two years, the gross profit margin continued to rise significantly, reaching 49.34% in 2023 and then reaching 51.28% in 2024. This positive trend indicates that Brady Corporation has been effectively managing its production costs and pricing strategies to enhance profitability on its sales. The steady increase in gross profit margin reflects the company's ability to generate more revenue from each dollar of sales, a key indicator of operational efficiency and potentially sustainable financial health.
Peer comparison
Jul 31, 2024