Worthington Industries Inc (WOR)
Net profit margin
| May 31, 2024 | May 31, 2023 | May 31, 2022 | May 31, 2021 | May 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 110,624 | 256,528 | 379,386 | 723,795 | 78,796 |
| Revenue | US$ in thousands | 1,245,700 | 4,916,390 | 5,242,220 | 3,171,430 | 3,059,120 |
| Net profit margin | 8.88% | 5.22% | 7.24% | 22.82% | 2.58% |
May 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $110,624K ÷ $1,245,700K
= 8.88%
Worthington Industries Inc's net profit margin has shown fluctuations over the past five years. The company's net profit margin was 2.58% as of May 31, 2020, indicating that the company was generating a modest profit relative to its revenue during that period.
However, by May 31, 2021, the net profit margin had significantly improved to 22.82%, suggesting a substantial increase in profitability. This sharp increase could be attributed to various factors such as cost-cutting measures, revenue growth, or operational efficiency improvements.
In the following years, the net profit margin showed some volatility. By May 31, 2022, it declined to 7.24%, indicating a decrease in profitability compared to the previous year. However, the company managed to improve its net profit margin to 5.22% by May 31, 2023, although it remained lower than the peak in 2021.
As of May 31, 2024, Worthington Industries Inc's net profit margin stood at 8.88%, showing a recovery from the previous year. The company's ability to maintain a positive net profit margin indicates its ability to generate profits after accounting for all expenses and taxes.
Overall, the fluctuations in Worthington Industries Inc's net profit margin over the past five years suggest varying levels of profitability and efficiency in managing costs and operations. It will be important for the company to strive for consistent improvement in its net profit margin to ensure sustainable long-term growth and profitability.
Peer comparison
May 31, 2024