Griffon Corporation (GFF)
Net profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 209,897 | 77,617 | -191,558 | 79,211 | 53,429 |
| Revenue | US$ in thousands | 2,621,550 | 2,596,560 | 2,760,350 | 2,207,580 | 2,333,180 |
| Net profit margin | 8.01% | 2.99% | -6.94% | 3.59% | 2.29% |
September 30, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $209,897K ÷ $2,621,550K
= 8.01%
The net profit margin of Griffon Corporation has shown variability over the past five years. In 2024, the net profit margin improved significantly to 8.01%, indicating that the company is more efficient in generating profits relative to its revenue compared to the previous year. This is a positive sign for investors as it suggests that Griffon is effectively controlling its costs and expenses.
In 2023, the net profit margin was 2.99%, showing a slight increase from the negative net profit margin of -6.94% in 2022. The negative net profit margin in 2022 indicates that Griffon incurred more expenses than it generated in revenue, leading to a loss. However, the subsequent recovery in 2023 and the further improvement in 2024 demonstrate the company's ability to turn around its profitability.
In 2021 and 2020, the net profit margin was 3.59% and 2.29% respectively, indicating that Griffon Corporation has been able to maintain a positive margin of profitability during those years. Overall, the trend in the net profit margin of Griffon Corporation shows that the company has made positive strides in managing its profitability in recent years.