Worthington Industries Inc (WOR)
Net profit margin
| 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 | May 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 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 | 153,455 |
| Revenue (ttm) | US$ in thousands | 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 | 3,059,119 | 3,386,334 | 3,496,719 | 3,627,308 | 3,759,556 |
| Net profit margin | 7.12% | 7.69% | 7.32% | 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% | 4.08% |
February 29, 2024 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $272,311K ÷ $3,825,795K
= 7.12%
The net profit margin of Worthington Industries Inc has shown fluctuations over the past several quarters. The trend indicates that the company's profitability relative to its revenue has varied, with some quarters showing higher margins and others showing lower margins.
In recent quarters, the net profit margin has ranged from 6.17% to 7.69%, although there was a significant increase to 22.82% and 22.33% in the third and fourth quarters of 2021, respectively. This surge in profitability was followed by a decline to 20.43% in the first quarter of 2022.
The company experienced a notable drop in the net profit margin to 3.96% in the second quarter of 2023, reflecting a decrease in profitability compared to the previous quarter. This was followed by a slight improvement in the third quarter of 2023 with a net profit margin of 7.32%.
The most recent data for the net profit margin in the first quarter of 2024 stands at 7.12%, showing a relatively stable position compared to the previous quarters. Overall, the fluctuating nature of the net profit margin suggests that Worthington Industries Inc may be experiencing variability in its efficiency in generating profit from its sales.
Peer comparison
Feb 29, 2024