Nordson Corporation (NDSN)
Gross profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 589,432 | 546,184 | 623,315 | 531,567 | 1,130,470 |
| Revenue | US$ in thousands | 2,688,450 | 2,568,040 | 2,568,450 | 2,336,130 | 2,088,460 |
| Gross profit margin | 21.92% | 21.27% | 24.27% | 22.75% | 54.13% |
October 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $589,432K ÷ $2,688,450K
= 21.92%
The gross profit margin of Nordson Corporation has exhibited fluctuations over the past five years. In 2024, the gross profit margin stood at 21.92%, showing a slight increase from 2023 when it was 21.27%. The margin was the lowest in 2022 at 24.27% before decreasing to 22.75% in 2021. Notably, there was a significant spike in the gross profit margin in 2020, reaching 54.13%.
These fluctuations indicate varying levels of efficiency and effectiveness in managing production costs and pricing strategies within the company. It is essential for Nordson Corporation to closely monitor and analyze the factors influencing these changes to ensure sustained profitability and competitiveness in the market.
Peer comparison
Oct 31, 2024