Quanex Building Products (NX)
Operating profit margin
| Oct 31, 2024 | Oct 31, 2023 | Oct 31, 2022 | Oct 31, 2021 | Oct 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 54,826 | 110,701 | 111,281 | 81,870 | 55,265 |
| Revenue | US$ in thousands | 1,277,860 | 1,130,580 | 1,221,500 | 1,072,150 | 851,573 |
| Operating profit margin | 4.29% | 9.79% | 9.11% | 7.64% | 6.49% |
October 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $54,826K ÷ $1,277,860K
= 4.29%
The operating profit margin of Quanex Building Products has been fluctuating over the past five years. In 2024, the operating profit margin decreased to 4.29% from 9.79% in 2023, indicating a significant decline in profitability. This could be a result of increased operating expenses, lower sales revenue, or a combination of both factors.
Comparing to the prior years, the operating profit margin was relatively stable around the 9% range in 2023 and 2022, showing consistent profitability levels. The margin was slightly lower but still decent in 2021 and 2020 at 7.64% and 6.49%, respectively.
Overall, Quanex Building Products should closely monitor its operating expenses and revenue generation strategies to improve its operating profit margin and maintain sustainable profitability in the future.
Peer comparison
Oct 31, 2024