GMS Inc (GMS)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 115,469 | 145,762 | 219,076 | 246,497 | 276,079 | 295,285 | 308,155 | 330,351 | 332,991 | 333,894 | 330,502 | 301,710 | 273,442 | 230,692 | 185,435 | 139,543 | 105,560 | 30,358 | 25,111 | 25,780 |
| 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 |
| Net profit margin | 2.09% | 2.61% | 3.92% | 4.45% | 5.02% | 5.48% | 5.74% | 6.14% | 6.25% | 6.28% | 6.32% | 6.09% | 5.90% | 5.39% | 4.78% | 3.94% | 3.20% | 0.97% | 0.80% | 0.81% |
April 30, 2025 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $115,469K ÷ $5,513,750K
= 2.09%
The net profit margin of GMS Inc exhibits notable fluctuations over the analyzed period. In the fiscal year ending July 31, 2020, the margin was approximately 0.81%, indicating a relatively modest profitability level. This margin remained stable at around 0.80% through October 2020, suggesting limited expansion in profitability during this period.
Starting from January 31, 2021, there was a significant upward trajectory, with the net profit margin increasing to approximately 0.97%. This positive trend accelerated notably by April 30, 2021, reaching approximately 3.20%. The margin continued its upward momentum through the subsequent quarters, peaking at around 6.32% on October 31, 2022. During this period, the company demonstrated improved profitability, likely driven by operational efficiencies, favorable market conditions, or strategic initiatives.
Post-October 2022, a gradual decline in net profit margin is observed. By January 31, 2023, it slightly decreased to approximately 6.28%, followed by a further slight decrease to 6.25% in April 2023, and then to around 6.14% by July 31, 2023. This downward trend persisted, with the margin decreasing to approximately 5.74% at the end of October 2023.
From late 2023 onward, the decline becomes more pronounced. The margin fell to approximately 5.48% by January 2024, continued declining to approximately 5.02% in April 2024, and further decreased to 4.45% by July 2024. As of October 31, 2024, the net profit margin stood at approximately 3.92%. The downward trend persisted into early 2025, with the margin decreasing to around 2.61% on January 31, 2025, and approximately 2.09% by April 30, 2025.
Overall, the net profit margin experienced a significant rise from early 2021 through late 2022, suggesting periods of improved profitability possibly due to increased sales efficiency or favorable market dynamics. However, from late 2022 onward, there is a clear declining trend, which may reflect rising costs, competitive pressures, or other operational challenges affecting profitability margins. The current trend indicates a contraction in net profit margins approaching historical lows relative to the peak levels observed in late 2022.
Peer comparison
Apr 30, 2025