Quanex Building Products (NX)
Gross profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 89,639 | 132,751 | 137,762 | 110,415 | 87,731 |
| Revenue | US$ in thousands | 1,277,860 | 1,130,580 | 1,221,500 | 1,072,150 | 851,573 |
| Gross profit margin | 7.01% | 11.74% | 11.28% | 10.30% | 10.30% |
October 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $89,639K ÷ $1,277,860K
= 7.01%
The gross profit margin of Quanex Building Products has exhibited a downward trend over the past five years, decreasing from 11.28% in 2022 to 7.01% in 2024. This decline indicates a decrease in the proportion of revenue retained after deducting the cost of goods sold, which could be attributed to various factors such as increasing production costs, pricing pressures, or inefficiencies in operations. It is essential for the company to closely monitor and address the drivers behind this trend to improve profitability and operational efficiency in the future.
Peer comparison
Oct 31, 2024
Company name
Symbol
Gross profit margin
Quanex Building Products
NX
7.01%
Howmet Aerospace Inc
HWM
15.71%
Kaiser Aluminum Corporation
KALU
9.00%
Mueller Industries Inc
MLI
28.80%