The historical rank and industry rank for Spire Global's Gross Margin % or its related term are showing as below:
SPIR'
s Gross Margin % Range Over the Past 10 Years
Min: 49.76 Med: 58.35 Max: 63.9
Current: 59.86
During the past 4 years, the highestGross Margin % of Spire Global was 63.90%. The lowest was 49.76%. And the median was 58.35%.
SPIR's Gross Margin % is ranked better than 78.64% of 988
companies
in the Business Services industry
Industry Median: 34.34
vs SPIR: 59.86
Spire Global had a gross margin of 53.52% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Spire Global was 0.00% per year.
Spire Global Gross Margin % Historical Data
The historical data trend for Spire Global'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.
Competitive Comparison of Spire Global's Gross Margin %
For the Specialty Business Services subindustry, Spire Global'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.
Spire Global's Gross Margin % Distribution in the Business Services Industry
For the Business Services industry and Industrials sector, Spire Global's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Spire Global's Gross Margin % falls into.
* 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.
Spire Global (NYSE:SPIR) 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
Spire Global had a gross margin of 53.52% for the quarter that ended in Dec. 2023 => 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.
Spire Global Gross Margin % Related Terms
Thank you for viewing the detailed overview of Spire Global's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Spire Global Inc is a provider of space-based data, analytics, and Space Services, offering datasets and powerful insights about Earth from the ultimate vantage point of space so that organizations can make decisions with confidence, accuracy, and speed. The Company generates revenue from four solutions: Maritime, Aviation, Weather, and Space Services. It offers the following three data solutions to customers; Maritime-precise space-based data used for accurate ship monitoring, ship safety, and route optimization, Aviation-precise space-based data used for accurate aircraft monitoring, aircraft safety, and route optimization, and Weather-precise space-based data used for accurate weather forecasting.
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