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Atmus Filtration Technologies (Atmus Filtration Technologies) Gross Margin % : 26.21% (As of Mar. 2024)


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What is Atmus Filtration Technologies Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Atmus Filtration Technologies's Gross Profit for the three months ended in Mar. 2024 was $112 Mil. Atmus Filtration Technologies's Revenue for the three months ended in Mar. 2024 was $427 Mil. Therefore, Atmus Filtration Technologies's Gross Margin % for the quarter that ended in Mar. 2024 was 26.21%.


The historical rank and industry rank for Atmus Filtration Technologies's Gross Margin % or its related term are showing as below:

ATMU' s Gross Margin % Range Over the Past 10 Years
Min: 22.99   Med: 24.69   Max: 26.58
Current: 26.57


During the past 4 years, the highest Gross Margin % of Atmus Filtration Technologies was 26.58%. The lowest was 22.99%. And the median was 24.69%.

ATMU's Gross Margin % is ranked better than
50.78% of 2934 companies
in the Industrial Products industry
Industry Median: 26.38 vs ATMU: 26.57

Atmus Filtration Technologies had a gross margin of 26.21% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Atmus Filtration Technologies was 0.00% per year.


Atmus Filtration Technologies Gross Margin % Historical Data

The historical data trend for Atmus Filtration Technologies'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.

Atmus Filtration Technologies Gross Margin % Chart

Atmus Filtration Technologies Annual Data
Trend Dec20 Dec21 Dec22 Dec23
Gross Margin %
25.10 24.28 22.99 26.58

Atmus Filtration Technologies Quarterly Data
Dec20 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 26.23 27.66 25.97 26.42 26.21

Competitive Comparison of Atmus Filtration Technologies's Gross Margin %

For the Pollution & Treatment Controls subindustry, Atmus Filtration Technologies'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.


Atmus Filtration Technologies's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Atmus Filtration Technologies's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Atmus Filtration Technologies's Gross Margin % falls into.



Atmus Filtration Technologies Gross Margin % Calculation

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

Atmus Filtration Technologies'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 )
=432.7 / 1628.1
=(Revenue - Cost of Goods Sold) / Revenue
=(1628.1 - 1195.4) / 1628.1
=26.58 %

Atmus Filtration Technologies'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 )
=111.8 / 426.6
=(Revenue - Cost of Goods Sold) / Revenue
=(426.6 - 314.8) / 426.6
=26.21 %

* 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.


Atmus Filtration Technologies  (NYSE:ATMU) 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

Atmus Filtration Technologies had a gross margin of 26.21% for the quarter that ended in Mar. 2024 => Competition eroding margins


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.


Atmus Filtration Technologies Gross Margin % Related Terms

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Atmus Filtration Technologies (Atmus Filtration Technologies) Business Description

Traded in Other Exchanges
N/A
Address
26 Century Boulevard, Nashville, TN, USA, 37214
Atmus Filtration Technologies Inc manufactures filtration products for on-highway commercial vehicles and off-highway agriculture, construction, mining, and power generation vehicles and equipment. It designs and manufactures advanced filtration products, principally under the Fleetguard brand, that enable lower emissions and provide asset protection. It designs, manufactures, and sells filters, coolants, and chemical products. Atmus offers products for first-fit and aftermarket applications including air filters, fuel filters, fuel water separators, lube filters, hydraulic filters, coolants, fuel additives, and other filtration systems to original equipment manufacturers, dealers/distributors, and end-users.
Executives
Stephen E. Macadam director C/O ENPRO INDUSTRIES, INC., 5605 CARNEGIE BLVD., STE. 500, CHARLOTTE NC 28209
Renee Swan officer: Chief People Officer 26 CENTURY BOULEVARD, ONE CENTURY PLACE, SUITE 500, NASHVILLE TN 37214
Cummins Inc 10 percent owner BOX 3005 MAIL CODE 60207, 500, COLUMBUS IN 47202-3005
Nathan R Stoner director 500 JACKSON STREET, COLUMBUS IN 47201
Gretchen R Haggerty director
Jane A Leipold director C/O TYCO ELECTRONICS LTD, 1050 WESTLAKES DRIVE, BERWYN PA 19312
Mark Andrew Smith director 500 JACKSON STREET, COLUMBUS IN 47201
Earl Newsome director 505 HUNTMAR PARK DR, SUITE 300, HERNDON VA 20170
Tony Satterthwaite director 1400 73RD AVENUE NE, MINNEAPOLIS MN 55432
Mark Osowick officer: Chief Human Resources Officer 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Steph Disher director, officer: Chief Executive Officer 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Toni Hickey officer: Chief Legal Officer 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Cristina Burrola director 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Charles Masters officer: VP, Engine Products 26 CENTURY BOULEVARD, NASHVILLE TN 37214
Roy Edwin Bennett director 26 CENTURY BOULEVARD, NASHVILLE TN 37214