MRC Global (FRA:37M) Gross Margin % : 20.22% (As of Mar. 2024)

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What is MRC Global Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. MRC Global's Gross Profit for the three months ended in Mar. 2024 was €150 Mil. MRC Global's Revenue for the three months ended in Mar. 2024 was €742 Mil. Therefore, MRC Global's Gross Margin % for the quarter that ended in Mar. 2024 was 20.22%.

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

FRA:37M' s Gross Margin % Range Over the Past 10 Years
Min: 15.39 Med: 17 Max: 20.22
Current: 20.22

During the past 13 years, the highest Gross Margin % of MRC Global was 20.22%. The lowest was 15.39%. And the median was 17.00%.

FRA:37M's Gross Margin % is ranked worse than
59.7% of 928 companies
in the Oil & Gas industry
Industry Median: 27.905 vs FRA:37M: 20.22

MRC Global had a gross margin of 20.22% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for MRC Global was 2.90% per year.

MRC Global Gross Margin % Historical Data

The historical data trend for MRC Global'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.

MRC Global Gross Margin % Chart

MRC Global Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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17.83

16.84

15.64

18.14

20.22

MRC Global 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															20.23	20.09	20.61	19.92	20.22

Competitive Comparison of MRC Global's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, MRC Global'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.

MRC Global's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, MRC Global's Gross Margin % distribution charts can be found below:

* The bar in red indicates where MRC Global's Gross Margin % falls into.

MRC Global Gross Margin % Calculation

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

MRC Global'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 )
	=	632.7	/	3128.804
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3128.804 - 2496.074)	/	3128.804
	=	20.22 %

MRC Global'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 )
	=	150	/	741.52
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(741.52 - 591.56)	/	741.52
	=	20.22 %

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.

MRC Global (FRA:37M) 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

MRC Global had a gross margin of 20.22% 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.

MRC Global Gross Margin % Related Terms

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MRC Global (FRA:37M) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » MRC Global Inc (FRA:37M) » Definitions » Gross Margin %

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Traded in Other Exchanges

MRC:USA

Address

1301 McKinney Street, Suite 2300, Houston, TX, USA, 77010

Website

https://www.mrcglobal.com

MRC Global Inc distributes pipes, valves, fittings, and related products and services to the energy industry. Products are often used in the construction, maintenance, repair, and overhaul of equipment used in extreme operating conditions. In these conditions and other environments, MRC's valve products give the customer the ability to control the direction, velocity, and pressure of fluids and gases within transmission networks. In addition, other products can be used to regulate flow and on/off service. MRC's other products, which include pipe, steel fitting, and tubular goods, are used across all of the industries in which the company operates. Specialized services are delivered alongside this array of products to enhance the client relationship.

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