Worthington Industries Inc (WOR)
Gross profit margin
| Feb 28, 2025 | Nov 30, 2024 | Aug 31, 2024 | May 31, 2024 | Feb 29, 2024 | Nov 30, 2023 | Aug 31, 2023 | May 31, 2023 | Feb 28, 2023 | Nov 30, 2022 | Aug 31, 2022 | May 31, 2022 | Feb 28, 2022 | Nov 30, 2021 | Aug 31, 2021 | May 31, 2021 | Feb 28, 2021 | Nov 30, 2020 | Aug 31, 2020 | May 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 303,901 | 286,127 | 335,782 | 470,776 | 637,044 | 709,378 | 691,427 | 663,312 | 586,667 | 585,988 | 664,816 | 714,816 | 773,241 | 794,211 | 745,094 | 639,078 | 502,820 | 454,267 | 439,404 | 443,337 |
| Revenue (ttm) | US$ in thousands | 1,154,679 | 1,166,910 | 1,979,784 | 2,915,736 | 3,825,795 | 4,612,360 | 4,700,980 | 4,916,380 | 5,207,820 | 5,482,740 | 5,540,060 | 5,242,220 | 4,700,239 | 4,081,108 | 3,579,340 | 3,171,429 | 2,804,737 | 2,809,624 | 2,906,169 | 3,059,119 |
| Gross profit margin | 26.32% | 24.52% | 16.96% | 16.15% | 16.65% | 15.38% | 14.71% | 13.49% | 11.27% | 10.69% | 12.00% | 13.64% | 16.45% | 19.46% | 20.82% | 20.15% | 17.93% | 16.17% | 15.12% | 14.49% |
February 28, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $303,901K ÷ $1,154,679K
= 26.32%
The gross profit margin of Worthington Industries Inc has shown fluctuations over the past few years. It stood at 14.49% as of May 31, 2020, and displayed a gradual increasing trend, reaching 26.32% by February 28, 2025. The company experienced a significant improvement in its gross profit margin from November 30, 2024, to February 28, 2025, with a notable increase from 16.96% to 26.32%.
It is important to note that gross profit margin represents the percentage of revenue that exceeds the cost of goods sold, indicating the efficiency of the company in managing its production costs. The increasing trend in the gross profit margin of Worthington Industries Inc reflects potential improvements in its cost management and pricing strategies, which may have positively impacted profitability over the years.
However, the slight decline in the gross profit margin observed towards the end of the period, from February 28, 2025, to May 31, 2022, may require further analysis to understand the factors influencing this trend. Overall, the company's ability to sustain and potentially improve its gross profit margin is a critical aspect for its financial performance and long-term sustainability.
Peer comparison
Feb 28, 2025