Bristow Group's gross profit for the
three
months ended in Mar. 2024 was $199 Mil. Bristow Group's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $778 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Bristow Group's gross profit for the
three
months ended in Mar. 2024 was $199 Mil. Bristow Group's Revenue for the
three
months ended in Mar. 2024 was $337 Mil. Therefore, Bristow Group's Gross Margin % for the quarter that ended in Mar. 2024 was 58.93%.
Bristow Group had a gross margin of 58.93% for the quarter that ended in Mar. 2024 => Durable competitive advantage
During the past 5 years, the highestGross Margin % of Bristow Group was 58.37%. The lowest was 7.71%. And the median was 17.35%.
Bristow Group Gross Profit Historical Data
The historical data trend for Bristow Group's Gross Profit 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 Bristow Group's Gross Profit
For the Oil & Gas Equipment & Services subindustry, Bristow Group's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Bristow Group's Gross Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, Bristow Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where Bristow Group's Gross Profit falls into.
Bristow Group Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Bristow Group's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $778 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Bristow Group (NYSE:VTOL) Gross Profit 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
Bristow Group had a gross margin of 58.93% for the quarter that ended in Mar. 2024 => Durable competitive advantage
Bristow Group Gross Profit Related Terms
Thank you for viewing the detailed overview of Bristow Group's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Bristow Group (Bristow Group) Business Description
Bristow Group Inc is the provider of vertical flight solutions. It provides aviation services to a broad base of major integrated, national and independent energy companies. The company provides commercial search and rescue (SAR) services in multiple countries and public sector SAR services in the United Kingdom on behalf of the Maritime & Coastguard Agency (MCA). Additionally, it offers fixed wing transportation and other aviation related solutions. Its oil and gas customers charter its helicopters to transport personnel to, from and between onshore bases and offshore production platforms, drilling rigs and other installations. It has customers in Australia, Brazil, Canada, Chile, Colombia, Guyana, India, Mexico, Nigeria, Norway, Spain, Suriname, Trinidad, the U.K and the United States.
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