Worthington Industries Inc (WOR)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 98,815 | 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 |
| 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 |
| Net profit margin | 8.62% | 14.07% | 12.63% | 13.57% | 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% |
November 30, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $98,815K ÷ $1,146,338K
= 8.62%
The net profit margin of Worthington Industries Inc has fluctuated over the given time period. It was at a relatively stable level around 3% to 4% in the fiscal years ending in 2019 and 2020. However, there was a significant increase in the net profit margin in the August 31, 2020 fiscal year, reaching 24.10%. This sudden rise could be attributed to various factors such as cost-cutting measures, increased revenues, or one-time gains.
Subsequently, the net profit margin stayed relatively high in the following fiscal quarters, hovering between 20% and 22%. However, there was a noticeable decline in the net profit margin in the February 28, 2021 fiscal year, dropping to 8.78%, which could indicate operational challenges or increased expenses impacting profitability.
The trend continued with fluctuating net profit margins in the subsequent periods, ranging between 5% and 14%. The net profit margin hit its lowest point in the May 31, 2022 fiscal year at 5.61%, possibly indicating operational inefficiencies or higher costs relative to revenues.
Overall, the net profit margin of Worthington Industries Inc has displayed volatility, with periods of strong profitability followed by dips. It will be essential for the company to address any underlying issues impacting profitability to ensure sustained financial health and performance.
Peer comparison
Nov 30, 2024