Griffon Corporation (GFF)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 1,019,940 | 948,821 | 936,886 | 641,113 | 583,994 |
| Revenue | US$ in thousands | 2,621,550 | 2,596,560 | 2,760,350 | 2,207,580 | 2,333,180 |
| Gross profit margin | 38.91% | 36.54% | 33.94% | 29.04% | 25.03% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $1,019,940K ÷ $2,621,550K
= 38.91%
Griffon Corporation's gross profit margin has displayed a consistent increasing trend over the past five fiscal years, reflecting positively on the company's ability to generate profits from its core operations. The gross profit margin has notably improved from 25.03% in September 2020 to 38.91% in September 2024. This upward trajectory indicates enhanced efficiency in managing production costs and optimizing pricing strategies. The steady growth in gross profit margin suggests that Griffon Corporation has been successful in enhancing its operational performance and overall profitability during the period under review. It is worth noting that a higher gross profit margin typically signifies stronger financial health and better resource utilization within a company.