GURUFOCUS.COM » STOCK LIST » Healthcare » Medical Devices & Instruments » Butterfly Network Inc (NYSE:BFLY) » Definitions » Gross Margin %

Butterfly Network (Butterfly Network) Gross Margin % : 58.20% (As of Mar. 2024)


View and export this data going back to 2021. Start your Free Trial

What is Butterfly Network Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Butterfly Network's Gross Profit for the three months ended in Mar. 2024 was $10.28 Mil. Butterfly Network's Revenue for the three months ended in Mar. 2024 was $17.66 Mil. Therefore, Butterfly Network's Gross Margin % for the quarter that ended in Mar. 2024 was 58.20%.


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

BFLY' s Gross Margin % Range Over the Past 10 Years
Min: -132.37   Med: 25.58   Max: 53.77
Current: 26.5


During the past 5 years, the highest Gross Margin % of Butterfly Network was 53.77%. The lowest was -132.37%. And the median was 25.58%.

BFLY's Gross Margin % is ranked worse than
83.04% of 796 companies
in the Medical Devices & Instruments industry
Industry Median: 53.295 vs BFLY: 26.50

Butterfly Network had a gross margin of 58.20% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Butterfly Network was 0.00% per year.


Butterfly Network Gross Margin % Historical Data

The historical data trend for Butterfly Network'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.

Butterfly Network Gross Margin % Chart

Butterfly Network Annual Data
Trend Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
-75.75 -132.37 27.26 53.77 25.58

Butterfly Network Quarterly Data
Dec19 Mar20 Jun20 Sep20 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only 58.73 59.08 60.84 -75.91 58.20

Competitive Comparison of Butterfly Network's Gross Margin %

For the Medical Devices subindustry, Butterfly Network'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.


Butterfly Network's Gross Margin % Distribution in the Medical Devices & Instruments Industry

For the Medical Devices & Instruments industry and Healthcare sector, Butterfly Network's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Butterfly Network's Gross Margin % falls into.



Butterfly Network Gross Margin % Calculation

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

Butterfly Network'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 )
=16.9 / 65.9
=(Revenue - Cost of Goods Sold) / Revenue
=(65.9 - 49.044) / 65.9
=25.58 %

Butterfly Network'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 )
=10.3 / 17.656
=(Revenue - Cost of Goods Sold) / Revenue
=(17.656 - 7.38) / 17.656
=58.20 %

* 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.


Butterfly Network  (NYSE:BFLY) 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

Butterfly Network had a gross margin of 58.20% 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.


Butterfly Network Gross Margin % Related Terms

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


Butterfly Network (Butterfly Network) Business Description

Traded in Other Exchanges
N/A
Address
1600 District Avenue, Guilford, Burlington, MA, USA, 01803
Butterfly Network Inc is a digital health business transforming care with handheld, whole-body ultrasound. Powered by its proprietary Ultrasound-on-Chip technology, its solution enables the acquisition of imaging information from an affordable, powerful device that fits in a healthcare professional's pocket with a combination of cloud-connected software and hardware technology that is easily accessed through a mobile application. Butterfly enables the practical application of ultrasound information in the clinical workflow. Butterfly iQ+ is an ultrasound device that can perform whole-body imaging in a single handheld probe using semiconductor technology. With its small, handheld size, low cost, and simple user interface.
Executives
Andrei G Stoica officer: Chief Technology Officer 1000 CEDAR HOLLOW ROAD, MALVERN PA 19355
Heather C Getz officer: EVP & Chief Financial Officer BIOTELEMETRY, INC., 1000 CEDAR HOLLOW ROAD, #102, MALVERN PA 19355
Joseph Devivo director, officer: President & CEO BUTTERFLY NETWORK, INC., 1600 DISTRICT AVENUE, BURLINGTON MA 01803
Lawrence T Weiss officer: CLO, GC and Corp Sec 530 OLD WHITFIELD STREET, GUILFOD CT 06437
John David Martin officer: Chief Medical Officer C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Darius Shahida officer: CSO & CBDO C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 203-689-56
Troy Quander officer: SVP, Regulatory and Quality 530 OLD WHITFIELD STREET, C/O BUTTERFLY NETWORK, INC., GUILFORD CT 06437
Tamara Dillon officer: Chief People Officer 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Stephanie Fielding officer: Chief Financial Officer C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Larry Robbins director, 10 percent owner 767 FIFTH AVENUE, 44TH FLOOR, NEW YORK NY 10153
Mary Miller officer: GC and CS C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Stacey Pugh officer: Chief Commercial Officer C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Todd Fruchterman director, officer: President and CEO C/O BUTTERFLY NETWORK, INC., 530 OLD WHITFIELD STREET, GUILFORD CT 06437
Erica Schwartz director 400 INTERSTATE N. PARKWAY SE, SUITE 1600, C/O AVEANNA HEALTHCARE HOLDINGS INC., ATLANTA GA 30339
David Perri officer: Chief Operating Officer C/O SONOS, INC., 614 CHAPALA STREET, SANTA BARBARA CA 93101

Butterfly Network (Butterfly Network) Headlines