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BrightSpire Capital (BrightSpire Capital) Gross Margin % : 47.36% (As of Mar. 2024)


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What is BrightSpire Capital Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. BrightSpire Capital's Gross Profit for the three months ended in Mar. 2024 was $43.9 Mil. BrightSpire Capital's Revenue for the three months ended in Mar. 2024 was $92.7 Mil. Therefore, BrightSpire Capital's Gross Margin % for the quarter that ended in Mar. 2024 was 47.36%.


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

BRSP' s Gross Margin % Range Over the Past 10 Years
Min: 43.48   Med: 51.95   Max: 82.32
Current: 48.21


During the past 8 years, the highest Gross Margin % of BrightSpire Capital was 82.32%. The lowest was 43.48%. And the median was 51.95%.

BRSP's Gross Margin % is ranked worse than
86.35% of 630 companies
in the REITs industry
Industry Median: 68.83 vs BRSP: 48.21

BrightSpire Capital had a gross margin of 47.36% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for BrightSpire Capital was 3.10% per year.


BrightSpire Capital Gross Margin % Historical Data

The historical data trend for BrightSpire Capital'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.

BrightSpire Capital Gross Margin % Chart

BrightSpire Capital Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial 43.48 50.05 59.38 53.85 49.01

BrightSpire Capital Quarterly Data
Jun19 Sep19 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 Premium Member Only Premium Member Only 50.58 48.43 48.90 48.10 47.36

Competitive Comparison of BrightSpire Capital's Gross Margin %

For the REIT - Mortgage subindustry, BrightSpire Capital'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.


BrightSpire Capital's Gross Margin % Distribution in the REITs Industry

For the REITs industry and Real Estate sector, BrightSpire Capital's Gross Margin % distribution charts can be found below:

* The bar in red indicates where BrightSpire Capital's Gross Margin % falls into.



BrightSpire Capital Gross Margin % Calculation

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

BrightSpire Capital'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 )
=192.2 / 392.105
=(Revenue - Cost of Goods Sold) / Revenue
=(392.105 - 199.949) / 392.105
=49.01 %

BrightSpire Capital'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 )
=43.9 / 92.668
=(Revenue - Cost of Goods Sold) / Revenue
=(92.668 - 48.778) / 92.668
=47.36 %

* 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.


BrightSpire Capital  (NYSE:BRSP) 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

BrightSpire Capital had a gross margin of 47.36% 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.


BrightSpire Capital Gross Margin % Related Terms

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


BrightSpire Capital (BrightSpire Capital) Business Description

Traded in Other Exchanges
Address
590 Madison Avenue, 33rd Floor, New York, NY, USA, 10022
BrightSpire Capital Inc is an internally-managed commercial real estate credit REIT focused on originating, acquiring, financing and managing a diversified portfolio of commercial real estate debt and net lease real estate investments predominantly in the United States. CRE debt investments consist of first mortgage loans. The operating segment of the company are Senior and Mezzanine Loans and Preferred Equity, Net Leased and Other Real Estate, CRE Debt Securities and Corporate. Geographically, the company generates revenue from the United States.
Executives
Catherine Rice director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
David A Palame officer: General Counsel and Secretary 590 MADISON AVENUE, 34TH FLOOR, NEW YORK NY 10022
Andrew Elmore Witt officer: Interim CEO and President 515 SOUTH FLOWER STREET 44TH FLOOR, LOS ANGELES CA 90071
Frank V Saracino officer: Chief Accounting Officer 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Michael Mazzei officer: CEO and President 345 PARK AVENUE, 8TH FLOOR, NEW YORK NY 10154
Catherine F. Long director 8377 EAST HARTFORD DRIVE, SUITE 100, SCOTTSDALE AZ 85255
Kim S Diamond director C/O BRIGHTSPIRE CAPITAL, INC., 590 MADISON AVENUE, 33RD FLOOR, NEW YORK NY 10022
Clnc Manager, Llc 10 percent owner 515 SOUTH FLOWER STREET, 44TH FLOOR, LOS ANGELES CA 90071
Nrf Holdco, Llc 10 percent owner 399 PARK AVENUE, 18TH FLOOR, NEW YORK NY 10022
Nrf Red Reit Corp. 10 percent owner C/O?NORTHSTAR?REALTY?FINANCE?CORP., PARK?AVENUE,?18TH?FLOOR, NEW YORK NY 10022
Digitalbridge Operating Company, Llc 10 percent owner 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Digitalbridge Group, Inc. 10 percent owner 750 PARK OF COMMERCE DRIVE, SUITE 210, BOCA RATON FL 33487
Mark M. Hedstrom director C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Kevin P. Traenkle director, officer: Chief Executive Officer C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071
Neale Redington officer: Chief Accounting Officer C/O COLONY NORTHSTAR, INC., 515 S. FLOWER ST., 44TH FLOOR, LOS ANGELES CA 90071