Worthington Industries Inc (WOR)
Net profit margin
| 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 | Aug 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 166,661 | 272,311 | 296,636 | 288,552 | 256,528 | 206,877 | 216,894 | 310,977 | 379,386 | 412,689 | 423,956 | 239,611 | 723,795 | 626,415 | 574,117 | 700,247 | 78,796 | 100,359 | 111,821 | 93,737 |
| Revenue (ttm) | US$ in thousands | 1,972,901 | 2,944,453 | 2,974,013 | 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 | 3,627,308 |
| Net profit margin | 8.45% | 9.25% | 9.97% | 9.42% | 6.17% | 4.65% | 3.96% | 5.61% | 7.24% | 8.78% | 10.39% | 6.69% | 22.82% | 22.33% | 20.43% | 24.10% | 2.58% | 2.96% | 3.20% | 2.58% |
August 31, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $166,661K ÷ $1,972,901K
= 8.45%
The net profit margin of Worthington Industries Inc has varied over the past couple of years. It ranged from a low of 2.58% in November 2019 to as high as 24.10% in August 2020. The trend shows a general increase in profitability from 2019 to 2020, peaking in 2020, followed by a decline in 2021, and then a gradual recovery in 2022 and 2023.
The company experienced a significant improvement in profitability in the first half of 2021, with the net profit margin exceeding 20%. However, this was followed by a dip in profitability in the subsequent quarters. By the end of 2023, the net profit margin was hovering around 9% on average.
It is important to note the fluctuation in profit margins, which may be influenced by various factors such as changes in revenue, cost structure, and market conditions. Further analysis of the company's financial statements and operational performance would be necessary to understand the factors driving these fluctuations in net profit margin.
Peer comparison
Aug 31, 2024