Tile Shop Holdings (Tile Shop Holdings) Gross Margin % : 64.72% (As of Dec. 2023)

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What is Tile Shop Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Tile Shop Holdings's Gross Profit for the three months ended in Dec. 2023 was $54.7 Mil. Tile Shop Holdings's Revenue for the three months ended in Dec. 2023 was $84.5 Mil. Therefore, Tile Shop Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 64.72%.

Warning Sign:

Tile Shop Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -1.7%.

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

TTSH' s Gross Margin % Range Over the Past 10 Years
Min: 64.45 Med: 68.97 Max: 70.35
Current: 64.45

During the past 13 years, the highest Gross Margin % of Tile Shop Holdings was 70.35%. The lowest was 64.45%. And the median was 68.97%.

TTSH's Gross Margin % is ranked better than
90.76% of 1093 companies
in the Retail - Cyclical industry
Industry Median: 36.51 vs TTSH: 64.45

Tile Shop Holdings had a gross margin of 64.72% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Tile Shop Holdings was -1.70% per year.

Tile Shop Holdings Gross Margin % Historical Data

The historical data trend for Tile Shop 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.

Tile Shop Holdings Gross Margin % Chart

Tile Shop Holdings Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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69.38

68.15

68.28

65.60

64.45

Tile Shop Holdings Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															64.55	64.24	64.23	64.66	64.72

Competitive Comparison of Tile Shop Holdings's Gross Margin %

For the Home Improvement Retail subindustry, Tile Shop 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.

Tile Shop Holdings's Gross Margin % Distribution in the Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, Tile Shop Holdings's Gross Margin % distribution charts can be found below:

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

Tile Shop Holdings Gross Margin % Calculation

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

Tile Shop 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 )
	=	243.1	/	377.146
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(377.146 - 134.085)	/	377.146
	=	64.45 %

Tile Shop 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 )
	=	54.7	/	84.458
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(84.458 - 29.8)	/	84.458
	=	64.72 %

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.

Tile Shop Holdings (NAS:TTSH) 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

Tile Shop Holdings had a gross margin of 64.72% 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.

Tile Shop Holdings Gross Margin % Related Terms

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

Tile Shop Holdings (Tile Shop Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Retail - Cyclical » Tile Shop Holdings Inc (NAS:TTSH) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

2TS:Germany

Address

14000 Carlson Parkway, Plymouth, MN, USA, 55441

Website

https://www.tileshop.com

Tile Shop Holdings Inc is a specialty retailer of natural stone and man-made tiles, setting and maintenance materials, and related accessories in the United States. It manufactures its setting and maintenance materials, such as thinset, grout, and sealers. The company's primary market is retail sales to consumers, contractors, designers, and home builders. The company's distribution centers are in Michigan, New Jersey, Oklahoma, Virginia, and Wisconsin.

Executives

Fund 1 Investments, Llc	10 percent owner	100 CARR 115, UNIT 1900, RINCON PR 00677
Mark Burton Davis	officer: VP Inv. Relations & CAO	C/O 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Pleasant Lake Partners Llc	10 percent owner	100 CARR 115 UNIT 1900, RINCON PR 00677
Karla Lunan	officer: Chief Financial Officer	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PKWY., PLYMOUTH MN 55441
Deborah K Glasser	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Linda Solheid	director	C/O TILE SHOP HOLDINGS, INC., 14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Robert A Rucker	director, 10 percent owner, officer: Chief Executive Officer	14000 CARLSON PARKWAY, PLYMOUTH MN 55441
Philip B Livingston	director	1241 EAST MAIN ST, STAMFORD CT 06902
Brc Partners Opportunity Fund, Lp	other: See Remarks	11100 SANTA MONICA BLVD. SUITE 800, LOS ANGELES CA 90025
B. Riley Financial, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
272 Capital Lp	10 percent owner	3811 TURTLE CREEK BLVD, SUITE 2100, DALLAS TX 75219
Bryant R Riley	other: See Remarks	C/O B. RILEY FINANCIAL, INC., 21255 BURBANK BLVD, SUITE 400, WOODLAND HILLS CA 91367
Wes Cummins	10 percent owner	4505 LORRAINE AVE, DALLAS TX 75205
B. Riley Securities, Inc.	other: See Remarks	11100 SANTA MONICA BLVD, SUITE 800, LOS ANGELES CA 90025
B. Riley Capital Management, Llc	other: See Remarks	11100 SANTA MONICA BLVD., SUITE 800, LOS ANGELES CA 90025