Worthington Industries Inc (WOR)
Gross profit margin
| May 31, 2025 | May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 319,035 | 285,019 | 663,312 | 714,816 | 639,078 |
| Revenue | US$ in thousands | 1,153,760 | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 |
| Gross profit margin | 27.65% | 22.88% | 13.49% | 13.64% | 20.15% |
May 31, 2025 calculation
Gross profit margin = Gross profit ÷ Revenue
= $319,035K ÷ $1,153,760K
= 27.65%
The gross profit margin of Worthington Industries Inc. demonstrates notable fluctuations over the specified period from May 31, 2021, to May 31, 2025. As of May 31, 2021, the gross profit margin stood at 20.15%, indicating a relatively healthy margin in that fiscal period. However, there was a significant decrease in the subsequent year, with the margin dropping to 13.64% by May 31, 2022, and a marginal further decline to 13.49% by May 31, 2023. This downward trend over these two years suggests challenges in maintaining or increasing profitability relative to sales, potentially attributable to increased cost of goods sold, pricing pressures, or changes in product mix.
Starting from the fiscal year ending May 31, 2024, the gross profit margin exhibits a marked recovery, rising sharply to 22.88%. This upward movement indicates an improvement in either sales pricing strategies, a reduction in production costs, or a more favorable product mix. The positive trend continues into the fiscal year ending May 31, 2025, with the margin reaching 27.65%, reflecting a substantial enhancement in gross profitability relative to sales.
Overall, the gross profit margin analysis reveals a period of contraction early in the observed timeline, followed by a strong and sustained recovery. The recent figures suggest improved operational efficiencies, better cost management, and/or more advantageous sales strategies that have contributed to enhancing gross profitability toward the end of the period analyzed.
Peer comparison
May 31, 2025