H B Fuller Company (FUL)
Gross profit margin
| Nov 30, 2024 | Dec 2, 2023 | Dec 3, 2022 | Nov 27, 2021 | Nov 28, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,061,880 | 1,008,900 | 963,699 | 845,322 | 756,649 |
| Revenue | US$ in thousands | 3,568,740 | 3,510,930 | 3,749,180 | 3,278,030 | 2,790,270 |
| Gross profit margin | 29.76% | 28.74% | 25.70% | 25.79% | 27.12% |
November 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,061,880K ÷ $3,568,740K
= 29.76%
The gross profit margin of H B Fuller Company has shown a fluctuating trend over the past five years. In November 2018, the gross profit margin was 27.12%, which decreased to 25.79% in November 2019 and further declined to 25.70% in December 2020. However, there was a noticeable improvement in December 2021, with a gross profit margin of 28.74%, followed by a significant increase to 29.76% in November 2022. This upward trend indicates that the company has been able to effectively control its cost of goods sold and improve its pricing strategies to generate a higher margin on sales. Furthermore, the consistent improvement in gross profit margin suggests that H B Fuller Company may be efficiently managing its production costs and maintaining a competitive position in the market.
Peer comparison
Nov 30, 2024