Powell Industries Inc (POWL)
Gross profit margin
| Sep 30, 2024 | Sep 30, 2023 | Sep 30, 2022 | Sep 30, 2021 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 273,088 | 147,553 | 85,018 | 75,063 | 94,575 |
| Revenue | US$ in thousands | 2,024,710 | 1,399,130 | 1,065,850 | 941,620 | 1,037,320 |
| Gross profit margin | 13.49% | 10.55% | 7.98% | 7.97% | 9.12% |
September 30, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $273,088K ÷ $2,024,710K
= 13.49%
Powell Industries Inc's gross profit margin has shown a consistent improvement over the past five years, indicating a positive trend in the company's ability to generate profit from its core operations. The gross profit margin increased from 9.12% in 2020 to 13.49% in 2024, reflecting an enhancement in the company's efficiency in managing production costs and pricing strategies. This upward trajectory suggests that Powell Industries Inc has been successful in controlling its cost of goods sold relative to its revenue, resulting in a higher percentage of revenue retained as gross profit. Overall, the improving trend in gross profit margin demonstrates enhanced profitability and operational effectiveness for Powell Industries Inc over the analyzed period.
Peer comparison
Sep 30, 2024