Mueller Water Products (MWA)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 459,000 | 379,500 | 364,300 | 358,500 | 328,200 |
| Revenue | US$ in thousands | 1,314,700 | 1,275,700 | 1,247,400 | 1,111,000 | 964,100 |
| Gross profit margin | 34.91% | 29.75% | 29.20% | 32.27% | 34.04% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $459,000K ÷ $1,314,700K
= 34.91%
The gross profit margin of Mueller Water Products demonstrates notable fluctuations over the specified period from September 30, 2020, to September 30, 2024.
In the fiscal year ending September 30, 2020, the gross profit margin stood at 34.04%. This margin experienced a decline during the subsequent year, decreasing to 32.27% by September 30, 2021, and further decreasing to 29.20% by September 30, 2022. The downward trend persisted into the fiscal year ending September 30, 2023, with the margin marginally increasing to 29.75%, indicating a stabilization after the prior decline.
By September 30, 2024, the gross profit margin exhibited a considerable increase to 34.91%, surpassing all previous levels within the analyzed period. This upward movement suggests an improvement in gross profitability, potentially due to factors such as increased sales prices, decreased cost of goods sold, or a combination of both.
Overall, the gross profit margin experienced a decline during the early part of the analyzed period, reaching its lowest point in 2022, followed by a recovery in 2023 and a significant upward surge in 2024. The pattern indicates periods of margin compression and expansion, reflecting changes in the company's cost structure or pricing strategy, with recent data suggesting a return to higher profitability levels.
Peer comparison
Sep 30, 2024