Brady Corporation (BRC)
Gross profit margin
| Jul 31, 2025 | Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 760,822 | 737,646 | 719,441 | 705,681 | 687,711 | 686,536 | 679,373 | 673,730 | 657,275 | 644,571 | 638,906 | 631,828 | 631,552 | 616,025 | 600,846 | 581,006 | 561,446 | 532,303 | 512,983 | 522,588 |
| Revenue (ttm) | US$ in thousands | 1,513,605 | 1,459,732 | 1,420,526 | 1,386,475 | 1,341,393 | 1,343,920 | 1,337,652 | 1,341,277 | 1,331,863 | 1,309,915 | 1,311,350 | 1,303,156 | 1,302,062 | 1,284,211 | 1,241,163 | 1,188,946 | 1,144,698 | 1,090,312 | 1,060,752 | 1,071,579 |
| Gross profit margin | 50.27% | 50.53% | 50.65% | 50.90% | 51.27% | 51.08% | 50.79% | 50.23% | 49.35% | 49.21% | 48.72% | 48.48% | 48.50% | 47.97% | 48.41% | 48.87% | 49.05% | 48.82% | 48.36% | 48.77% |
July 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $760,822K ÷ $1,513,605K
= 50.27%
The gross profit margin of Brady Corporation exhibits a general upward trend over the examined period from October 31, 2020, to July 31, 2025. Initially, the gross profit margin fluctuated marginally within a narrow range, starting at approximately 48.77% in October 2020 and maintaining around 48.36% to 49.05% through mid-2021. Throughout this initial phase, the margin showed minimal variability, indicating stable cost management relative to sales.
From late 2021 onward, a gradual increase in gross profit margin becomes evident. By October 2021, the margin rose slightly to approximately 48.87%. The subsequent data suggests a consistent upward trajectory, with intermittent minor fluctuations, culminating in a notable increase to around 50.23% as of October 2023. This upward movement signifies improved profitability at the gross level, potentially reflecting optimized production efficiency, favorable sales mix, or effective cost controls.
The most recent data points, extending into mid-2025, demonstrate a continued improvement, with gross profit margins reaching approximately 50.27% to 51.27%. The peak of approximately 51.27% occurs on July 31, 2024. Afterward, a slight decline to about 50.90% in October 2024 and subsequent smaller decreases to around 50.53% by April 2025 are observed. These fluctuations around the 50% threshold indicate sustained healthy gross profit margins, although the slight decline may suggest increased cost pressures or competitive dynamics.
Overall, Brady Corporation's gross profit margin reflects a positive trend of growth and stabilization, signaling effective core operational management and improvement in profitability efficiencies over the analyzed period. The gradual increase suggests ongoing strategic or operational improvements contributing to better gross margin performance, although minor variability points to typical industry or macroeconomic influences affecting raw material costs and pricing strategies.