Worthington Industries Inc (WOR)
Gross profit margin
| May 31, 2025 | 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 319,035 | 303,901 | 286,127 | 335,782 | 470,776 | 637,044 | 644,542 | 626,591 | 598,476 | 521,831 | 585,988 | 664,816 | 714,816 | 773,241 | 794,211 | 745,094 | 639,078 | 502,820 | 454,267 | 439,404 |
| Revenue (ttm) | US$ in thousands | 1,153,762 | 1,154,679 | 1,166,910 | 1,979,784 | 2,915,736 | 3,825,795 | 3,855,355 | 3,943,975 | 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 |
| Gross profit margin | 27.65% | 26.32% | 24.52% | 16.96% | 16.15% | 16.65% | 16.72% | 15.89% | 14.39% | 11.72% | 10.69% | 12.00% | 13.64% | 16.45% | 19.46% | 20.82% | 20.15% | 17.93% | 16.17% | 15.12% |
May 31, 2025 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $319,035K ÷ $1,153,762K
= 27.65%
The gross profit margin of Worthington Industries Inc. exhibited notable fluctuations over the analyzed period. Starting from 15.12% as of August 31, 2020, there was a consistent upward trend through the next several quarters, reaching a peak of approximately 20.82% by August 31, 2021. This improvement indicates an increase in profitability at the gross level, possibly attributable to better cost management or favorable pricing strategies during that interval.
Following this peak, the gross profit margin experienced a decline, with a noticeable decrease to 10.69% by November 30, 2022. The margin remained subdued through most of 2022 and early 2023, with values around 11.72% in February 2023 and slightly rising to 14.39% in May 2023. Subsequently, there was a recovery, culminating in a margin of approximately 16.72% as of November 30, 2023.
A significant increase became evident towards the end of the period, with the gross profit margin surging to 24.52% by November 30, 2024. The upward trend persisted into early 2025, reaching approximately 27.65% as of May 31, 2025. Such an expansion suggests substantial improvements in gross profitability, potentially due to enhanced operational efficiencies, cost reductions, or favorable market conditions.
Overall, the gross profit margin demonstrates periods of both growth and contraction, reflecting dynamic changes in the company's cost structure, pricing power, and market environment. The recent trend of increasing margins indicates a positive trajectory in gross profitability, although the historical fluctuations highlight the volatility inherent in the company's operational margins over the analyzed timeframe.
Peer comparison
May 31, 2025