Grove Collaborative Holdings (Grove Collaborative Holdings) Gross Margin % : 54.40% (As of Dec. 2023)

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What is Grove Collaborative Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Grove Collaborative Holdings's Gross Profit for the three months ended in Dec. 2023 was $32.6 Mil. Grove Collaborative Holdings's Revenue for the three months ended in Dec. 2023 was $59.9 Mil. Therefore, Grove Collaborative Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 54.40%.

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

GROV' s Gross Margin % Range Over the Past 10 Years
Min: 35.79 Med: 48.32 Max: 52.98
Current: 52.98

During the past 5 years, the highest Gross Margin % of Grove Collaborative Holdings was 52.98%. The lowest was 35.79%. And the median was 48.32%.

GROV's Gross Margin % is ranked better than
87.66% of 1807 companies
in the Consumer Packaged Goods industry
Industry Median: 25.07 vs GROV: 52.98

Grove Collaborative Holdings had a gross margin of 54.40% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Grove Collaborative Holdings was 0.00% per year.

Grove Collaborative Holdings Gross Margin % Historical Data

The historical data trend for Grove Collaborative Holdings'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.

Grove Collaborative Holdings Gross Margin % Chart

Grove Collaborative Holdings Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

35.79

48.32

49.13

48.10

52.98

Grove Collaborative Holdings Quarterly Data
	Dec19	Dec20	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial								46.99	52.06	51.90	53.82	54.40

Competitive Comparison of Grove Collaborative Holdings's Gross Margin %

For the Household & Personal Products subindustry, Grove Collaborative Holdings'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.

Grove Collaborative Holdings's Gross Margin % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grove Collaborative Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Grove Collaborative Holdings's Gross Margin % falls into.

Grove Collaborative Holdings Gross Margin % Calculation

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

Grove Collaborative Holdings'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 )
	=	137.4	/	259.278
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(259.278 - 121.919)	/	259.278
	=	52.98 %

Grove Collaborative Holdings's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	32.6	/	59.857
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(59.857 - 27.295)	/	59.857
	=	54.40 %

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.

Grove Collaborative Holdings (NYSE:GROV) 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

Grove Collaborative Holdings had a gross margin of 54.40% for the quarter that ended in Dec. 2023 => 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.

Grove Collaborative Holdings Gross Margin % Related Terms

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

Grove Collaborative Holdings (Grove Collaborative Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grove Collaborative Holdings Inc (NYSE:GROV) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1301 Sansome Street, San Francisco, CA, USA, 94111

Website

https://www.grove.co

Grove Collaborative Holdings Inc is engaged in providing consumer products. It offers Cleaning accessories, Home and Pantry, Personal care products, Pets supplements and Other products.

Executives

Christopher Clark	director, officer: Chief Digital Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Stuart Landesberg	director, 10 percent owner, officer: President & CEO	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Mayfield Xv, A Cayman Islands Exempted Limited Partnership	10 percent owner	2484 SAND HILL ROAD, MENLO PARK CA 94025
John B Replogle	director	C/O SEALY CORPORATION, ONE OFFICE PARKWAY, TRINITY NC 27370
David A. Glazer	director	C/O PALANTIR TECHNOLOGIES INC., 1200 17TH STREET, FLOOR 15, DENVER CO 80202
Sergio Cervantes	officer: Chief Financial Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Jennie Perry	officer: Chief Marketing Officer	C/O GROVE COLLABORATIVE INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Sculptor Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Kevin Michael Cleary	director	C/O GROVE COLLABORATIVE HOLDINGS, INC., 1301 SANSOME STREET, SAN FRANCISCO CA 94111
Oz Enhanced Master Fund, Ltd.	10 percent owner	9 WEST 57TH STREET, 39 FL., NEW YORK NY 10019
Sculptor Special Funding, Lp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Corp	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Sculptor Capital Holding Ii Llc	10 percent owner	9 WEST 57TH STREET, 39TH FLOOR, NEW YORK NY 10019
Jon Erik Kossow	10 percent owner	525 UNIVERSITY AVENUE, SUITE 800, PALO ALTO CA 94025
Kristine E Miller	director	C/O CABLE ONE, INC., 210 E EARLL DRIVE, PHOENIX AZ 85012