Griffon Corporation (GFF)

Gross profit margin

		Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019
Gross profit (ttm)	US$ in thousands	1,019,935	1,002,335	1,027,810	951,637	948,821	952,741	938,718	1,004,869	936,886	842,955	742,256	642,819	641,113	659,714	664,815	655,641	641,426	625,414	612,110	593,615
Revenue (ttm)	US$ in thousands	2,569,202	2,527,910	2,540,295	2,579,326	2,596,635	2,667,247	2,748,003	2,820,103	2,760,205	2,432,204	2,324,089	2,184,420	2,207,560	2,509,033	2,492,326	2,417,798	2,351,128	2,264,619	2,208,339	2,196,705
Gross profit margin		39.70%	39.65%	40.46%	36.89%	36.54%	35.72%	34.16%	35.63%	33.94%	34.66%	31.94%	29.43%	29.04%	26.29%	26.67%	27.12%	27.28%	27.62%	27.72%	27.02%

September 30, 2024 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,019,935K ÷ $2,569,202K
= 39.70%

The gross profit margin for Griffon Corporation has shown fluctuations over the past few quarters. The margin has generally been in the range of 26% to 40% over the last two years, with some variability seen quarter to quarter. In the most recent quarter, ending September 30, 2024, the gross profit margin was 39.70%, showing a slight improvement compared to the previous quarter. This indicates that Griffon Corporation was able to generate a higher percentage of revenue as gross profit in the most recent period. Overall, the trend in gross profit margin for Griffon Corporation has been relatively stable with some fluctuations, suggesting that the company has been managing its direct costs of goods sold effectively in recent quarters.