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M-Tron Industries (M-Tron Industries) Gross Margin % : 42.73% (As of Mar. 2024)


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What is M-Tron Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. M-Tron Industries's Gross Profit for the three months ended in Mar. 2024 was $4.78 Mil. M-Tron Industries's Revenue for the three months ended in Mar. 2024 was $11.19 Mil. Therefore, M-Tron Industries's Gross Margin % for the quarter that ended in Mar. 2024 was 42.73%.


The historical rank and industry rank for M-Tron Industries's Gross Margin % or its related term are showing as below:

MPTI' s Gross Margin % Range Over the Past 10 Years
Min: 34.34   Med: 35.3   Max: 42.69
Current: 42.69

During the past 4 years, the highest Gross Margin % of M-Tron Industries was 42.69%. The lowest was 34.34%. And the median was 35.30%.

MPTI's Gross Margin % is ranked better than
81.21% of 2438 companies
in the Hardware industry
Industry Median: 24.395 vs MPTI: 42.69

M-Tron Industries had a gross margin of 42.73% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for M-Tron Industries was 0.00% per year.

M-Tron Industries Gross Margin % Historical Data

The historical data trend for M-Tron Industries's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

M-Tron Industries Gross Margin % Chart

M-Tron Industries Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
34.34 34.97 35.63 40.73

M-Tron Industries Quarterly Data
Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 34.12 41.61 42.78 43.56 42.73

Competitive Comparison of M-Tron Industries's Gross Margin %

For the Electronic Components subindustry, M-Tron Industries's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

M-Tron Industries's Gross Margin % Distribution in the Hardware Industry

For the Hardware industry and Technology sector, M-Tron Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where M-Tron Industries's Gross Margin % falls into.


M-Tron Industries Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

M-Tron Industries's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=16.8 / 41.168
=(Revenue - Cost of Goods Sold) / Revenue
=(41.168 - 24.402) / 41.168
=40.73 %

M-Tron Industries's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=4.8 / 11.185
=(Revenue - Cost of Goods Sold) / Revenue
=(11.185 - 6.406) / 11.185
=42.73 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.

M-Tron Industries  (AMEX:MPTI) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

M-Tron Industries had a gross margin of 42.73% for the quarter that ended in Mar. 2024 => Durable competitive advantage

Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.

M-Tron Industries Gross Margin % Related Terms

Thank you for viewing the detailed overview of M-Tron Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

M-Tron Industries (M-Tron Industries) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Technology » Hardware » M-Tron Industries Inc (AMEX:MPTI) » Definitions » Gross Margin %
Comparable Companies
LPTH LINK ELTK MMAT CPSH KULR DSWL REFR HOLO DAIO APH TPE:2317 TEL TSE:6981 SZSE:002475 TPE:2308 GLW XKRX:006400 SZSE:000725 JBL
Traded in Other Exchanges
N/A
Address
2525 Shader Road, Orlando, FL, USA, 32804
Website
https://www.mtronpti.com
M-Tron Industries Inc is a diversified holding company with subsidiaries engaged in the design, manufacturing and marketing of highly-engineered, high reliability frequency and spectrum control products used to control the frequency or timing of signals in electronic circuits in various applications. It offers a wide range of products such as microwave and millimeter wave filters; cavity, crystal, ceramic, lumped element and switched filters; crystal resonators, integrated microwave assemblies and state-of-the-art solid state power amplifier products.
Executives
William Arnold Drafts officer: President 746 CRISTALDI WAY, LONGWOOD FL 32779
Ferrantino Michael J Jr director, officer: Chief Executive Officer 12 MARTINGALE LANE, ANDOVER MA 01810
Ivan Arteaga director 497 EISENHOWER COURT, WYCKOFF NJ 07481
James William Tivy officer: Chief Financial Officer 220 E. CENTRAL PARKWAY, SUITE 2060, ALTAMONTE SPRINGS FL 32701
Mario J Gabelli 10 percent owner 191 MASON STREET, GREENWICH CT 06830
Linda M Biles officer: VP, Controller 2525 SHADER ROAD, ORLANDO FL 32804
Marc Gabelli director, 10 percent owner 401 THEODORE FREMD AVE, RYE NY 10580
Bel Lazar director 4705 S. APOPKA VINELAND ROAD, SUITE 201, ORLANDO FL 32819
Hendi Susanto director 2525 SHADER RD., ORLANDO FL 32804
Lapenta Robert V Jr director C/O ASTON CAPITAL, 177 BROAD ST., 12TH FLOOR, STAMFORD CT 06901
David M Goldman director ONE CORPORATE CENTER, RYE NY 10580
John S Mega director C/O L-3 COMMUNICATIONS CORPORATION, 600 THIRD AVENUE, NEW YORK NY 10016