Griffon Corporation (GFF)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 209,897 | 189,371 | 197,490 | 71,092 | 77,617 | -381,180 | -290,098 | -162,154 | -191,558 | 241,166 | 117,586 | 69,009 | 79,211 | 83,410 | 88,534 | 72,317 | 53,429 | 49,433 | 41,197 | 39,146 |
| 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 |
| Net profit margin | 8.17% | 7.49% | 7.77% | 2.76% | 2.99% | -14.29% | -10.56% | -5.75% | -6.94% | 9.92% | 5.06% | 3.16% | 3.59% | 3.32% | 3.55% | 2.99% | 2.27% | 2.18% | 1.87% | 1.78% |
September 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $209,897K ÷ $2,569,202K
= 8.17%
The net profit margin for Griffon Corporation has shown fluctuations over the past several quarters. The trend indicates some level of volatility in the company's profitability.
In the most recent quarter, ending September 30, 2024, the net profit margin stood at 8.17%, which represents a slight improvement from the previous quarter's 7.49%. This signifies that the company was able to retain 8.17% of its total revenue as profit after accounting for all expenses.
Looking back further, the net profit margin has shown a mix of positive and negative figures, with some quarters reporting negative margins. The margin hit a low of -14.29% in the second quarter of 2023 but has gradually improved since then.
Overall, while the recent uptick in the net profit margin is a positive sign for Griffon Corporation, the company should aim for consistency in its profitability and monitor expenses closely to sustain and improve its margin in the future.