Enerpac Tool Group Corp (EPAC)
Gross profit margin
| Aug 31, 2024 | Aug 31, 2023 | Aug 31, 2022 | Aug 31, 2021 | Aug 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 301,011 | 295,039 | 265,388 | 243,156 | 217,193 |
| Revenue | US$ in thousands | 589,510 | 598,204 | 571,223 | 528,660 | 493,292 |
| Gross profit margin | 51.06% | 49.32% | 46.46% | 45.99% | 44.03% |
August 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $301,011K ÷ $589,510K
= 51.06%
The gross profit margin of Enerpac Tool Group Corp has shown an improving trend over the past five years, increasing from 44.03% in 2020 to 51.06% in 2024. This indicates that the company has been able to effectively manage its cost of goods sold relative to its revenue, resulting in higher profitability from its core operations. The consistent upward trend in the gross profit margin is a positive indicator of the company's operational efficiency and ability to generate profits from its primary business activities.
Peer comparison
Aug 31, 2024
Company name
Symbol
Gross profit margin
Enerpac Tool Group Corp
EPAC
51.06%
Curtiss-Wright Corporation
CW
38.16%
Eaton Corporation PLC
ETN
36.11%