GMS Inc (GMS)
Operating 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating income (ttm) | US$ in thousands | 257,562 | 299,788 | 383,027 | 413,001 | 446,362 | 458,451 | 473,877 | 502,359 | 505,211 | 507,283 | 500,816 | 459,472 | 418,918 | 361,264 | 297,200 | 234,738 | 190,949 | 97,234 | 94,983 | 100,027 |
| 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 |
| Operating profit margin | 4.67% | 5.36% | 6.85% | 7.45% | 8.11% | 8.50% | 8.83% | 9.34% | 9.48% | 9.55% | 9.57% | 9.28% | 9.04% | 8.44% | 7.67% | 6.63% | 5.79% | 3.10% | 3.02% | 3.13% |
April 30, 2025 calculation
Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $257,562K ÷ $5,513,750K
= 4.67%
The operating profit margin of GMS Inc. demonstrates a pattern of initial stability followed by a period of consistent growth, and subsequently, a gradual decline. Starting from approximately 3.13% as of July 31, 2020, the margin experienced minor fluctuations and remained relatively flat through October 31, 2020 (3.02%) and January 31, 2021 (3.10%). A notable upward trend commenced around April 30, 2021, with the margin increasing significantly to 5.79%, and continued improvement was observed through July 31, 2021 (6.63%), October 31, 2021 (7.67%), January 31, 2022 (8.44%), and April 30, 2022 (9.04%). This upward trajectory peaked around October 31, 2022, at approximately 9.57%, with minimal variations through January 2023 (9.55%) and April 2023 (9.48%).
Subsequently, the margin began a gradual decline, reaching about 8.83% by October 31, 2023. The subsequent quarters continued the downward trend: January 2024 (8.50%), April 2024 (8.11%), and July 31, 2024 (7.45%). The decline persisted into the latter part of 2024, with the margin dropping to 6.85% as of October 31, 2024, and further decreasing to 5.36% by January 2025, and 4.67% by April 30, 2025.
Overall, the operating profit margin exhibited a period of growth from mid-2021 through late 2022, indicating improved operational efficiency or favorable market conditions during that phase. The subsequent decline from late 2022 onward suggests increased operating expenses, competitive pressures, market challenges, or other factors impacting profitability margins. The trend reflects a trajectory from steady improvement to a gradual erosion of operating profitability over the observed period.
Peer comparison
Apr 30, 2025