The historical rank and industry rank for Bitcoin Depot's Gross Margin % or its related term are showing as below:
BTM'
s Gross Margin % Range Over the Past 10 Years
Min: 10.21 Med: 11.93 Max: 14.66
Current: 14.66
During the past 4 years, the highestGross Margin % of Bitcoin Depot was 14.66%. The lowest was 10.21%. And the median was 11.93%.
BTM's Gross Margin % is ranked worse than 76.12% of 603
companies
in the Capital Markets industry
Industry Median: 48.61
vs BTM: 14.66
Bitcoin Depot had a gross margin of 14.52% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Bitcoin Depot was 0.00% per year.
Bitcoin Depot Gross Margin % Historical Data
The historical data trend for Bitcoin Depot'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 Bitcoin Depot's Gross Margin %
For the Capital Markets subindustry, Bitcoin Depot'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.
Bitcoin Depot's Gross Margin % Distribution in the Capital Markets Industry
For the Capital Markets industry and Financial Services sector, Bitcoin Depot's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Bitcoin Depot'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.
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
Bitcoin Depot had a gross margin of 14.52% for the quarter that ended in Dec. 2023 => No sustainable 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.
Bitcoin Depot Gross Margin % Related Terms
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Bitcoin Depot (Bitcoin Depot) Business Description
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