Quanex Building Products (NX)
Net profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 33,059 | 82,501 | 88,336 | 56,980 | 38,496 |
| Revenue | US$ in thousands | 1,277,860 | 1,130,580 | 1,221,500 | 1,072,150 | 851,573 |
| Net profit margin | 2.59% | 7.30% | 7.23% | 5.31% | 4.52% |
October 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $33,059K ÷ $1,277,860K
= 2.59%
The net profit margin is a key financial ratio that reflects the company's profitability by measuring the percentage of each dollar of revenue that translates into profit after all expenses have been deducted. Quanex Building Products' net profit margin has shown a fluctuating trend over the past five years. In fiscal year 2024, the net profit margin has decreased to 2.59% from 7.30% in the previous year. This decline may indicate a decrease in profitability relative to revenue generated during the year. It is important for the company to assess the reasons behind this decline and take appropriate measures to improve its profitability in the future.
Peer comparison
Oct 31, 2024