Worthington Industries Inc (WOR)
Gross profit margin
| Nov 30, 2024 | Aug 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 | Feb 29, 2020 | Nov 30, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 272,944 | 268,515 | 450,388 | 456,247 | 498,732 | 598,476 | 521,831 | 585,988 | 664,816 | 714,816 | 773,241 | 794,211 | 745,094 | 639,078 | 502,820 | 454,267 | 439,404 | 443,337 | 479,450 | 453,926 |
| Revenue (ttm) | US$ in thousands | 1,146,338 | 1,184,210 | 2,155,762 | 2,185,322 | 3,062,633 | 4,159,375 | 4,450,815 | 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 | 3,386,334 | 3,496,719 |
| Gross profit margin | 23.81% | 22.67% | 20.89% | 20.88% | 16.28% | 14.39% | 11.72% | 10.69% | 12.00% | 13.64% | 16.45% | 19.46% | 20.82% | 20.15% | 17.93% | 16.17% | 15.12% | 14.49% | 14.16% | 12.98% |
November 30, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $272,944K ÷ $1,146,338K
= 23.81%
Worthington Industries Inc's gross profit margin has shown fluctuations over the past few years. Starting at 12.98% in November 2019, the margin gradually increased to 23.81% by November 2024. The margin experienced growth, reaching a peak of 22.67% in August 2024. However, there were periods of decline, such as the drop to 10.69% in November 2022. Overall, the company has been able to improve its gross profit margin over the years, indicating effective cost management and potentially higher profitability in its operations.
Peer comparison
Nov 30, 2024
Company name
Symbol
Gross profit margin
Worthington Industries Inc
WOR
23.81%
Gibraltar Industries Inc
ROCK
26.27%
Insteel Industries Inc
IIIN
9.38%
Worthington Steel Inc
WS
12.84%