GMS Inc (GMS)
Gross profit margin
| Apr 30, 2025 | Jan 31, 2025 | Oct 31, 2024 | Jul 31, 2024 | Apr 30, 2024 | Jan 31, 2024 | Oct 31, 2023 | Jul 31, 2023 | Apr 30, 2023 | Jan 31, 2023 | Oct 31, 2022 | Jul 31, 2022 | Apr 30, 2022 | Jan 31, 2022 | Oct 31, 2021 | Jul 31, 2021 | Apr 30, 2021 | Jan 31, 2021 | Oct 31, 2020 | Jul 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 1,722,024 | 1,721,375 | 1,710,201 | 1,707,703 | 1,706,694 | 1,715,575 | 1,735,907 | 1,741,778 | 1,725,945 | 1,714,269 | 1,679,793 | 1,587,163 | 1,488,275 | 1,369,325 | 1,244,877 | 1,138,078 | 1,062,703 | 1,020,447 | 1,030,596 | 1,050,018 |
| Revenue (ttm) | US$ in thousands | 5,513,750 | 5,592,980 | 5,590,620 | 5,540,770 | 5,501,910 | 5,392,980 | 5,369,250 | 5,379,300 | 5,329,250 | 5,313,800 | 5,232,780 | 4,952,350 | 4,634,880 | 4,278,433 | 3,876,024 | 3,538,330 | 3,298,823 | 3,137,470 | 3,147,631 | 3,196,704 |
| Gross profit margin | 31.23% | 30.78% | 30.59% | 30.82% | 31.02% | 31.81% | 32.33% | 32.38% | 32.39% | 32.26% | 32.10% | 32.05% | 32.11% | 32.01% | 32.12% | 32.16% | 32.21% | 32.52% | 32.74% | 32.85% |
April 30, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,722,024K ÷ $5,513,750K
= 31.23%
The gross profit margin for GMS Inc has demonstrated a relatively stable trend over the analyzed period from July 31, 2020, through October 31, 2024. Initially, the margin hovered around approximately 32.85% in July 2020, experiencing a slight decline to 32.10% by October 2021, and remaining relatively steady with minor fluctuations throughout this timeframe. The lowest point within this period occurs in October 2024 at 30.59%.
Between October 2021 and July 2023, the gross profit margin remained within a narrow band, generally between 32.01% and 32.39%, indicating consistent profitability on a gross basis amidst potential market or operational variations. Starting from July 2023, a gradual decline becomes perceptible, with the margin decreasing to approximately 30.82% in July 2024. This downward trend continues into October 2024, where the margin reaches 30.59%.
Recent data from January 2025 shows a slight recovery to 30.78%, with a projection for April 2025 to rise further to 31.23%. The overall pattern suggests a minor but persistent decline in gross profit margins over the observed period, interspersed with periods of stabilization and slight rebounds. This trend may reflect pressures such as increasing costs, competitive dynamics, product mix changes, or pricing strategies impacting gross profitability during this timeframe.
Peer comparison
Apr 30, 2025