United Maritime (United Maritime) Gross Margin % : 19.12% (As of Mar. 2024)

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What is United Maritime Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. United Maritime's Gross Profit for the three months ended in Mar. 2024 was $2.03 Mil. United Maritime's Revenue for the three months ended in Mar. 2024 was $10.60 Mil. Therefore, United Maritime's Gross Margin % for the quarter that ended in Mar. 2024 was 19.12%.

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

USEA' s Gross Margin % Range Over the Past 10 Years
Min: 9.04 Med: 22.82 Max: 52.35
Current: 16.19

During the past 5 years, the highest Gross Margin % of United Maritime was 52.35%. The lowest was 9.04%. And the median was 22.82%.

USEA's Gross Margin % is ranked worse than
61.61% of 943 companies
in the Transportation industry
Industry Median: 20.18 vs USEA: 16.19

United Maritime had a gross margin of 19.12% for the quarter that ended in Mar. 2024 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for United Maritime was 0.00% per year.

United Maritime Gross Margin % Historical Data

The historical data trend for United Maritime'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.

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United Maritime Gross Margin % Chart

United Maritime Annual Data

Trend

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

18.01

22.82

52.35

45.90

9.04

United Maritime Quarterly Data
	Dec19	Dec20	Jun21	Dec21	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial							-64.34	7.91	13.11	23.80	19.12

Competitive Comparison of United Maritime's Gross Margin %

For the Marine Shipping subindustry, United Maritime'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.

United Maritime's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, United Maritime's Gross Margin % distribution charts can be found below:

* The bar in red indicates where United Maritime's Gross Margin % falls into.

United Maritime Gross Margin % Calculation

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

United Maritime'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 )
	=	3.3	/	36.067
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(36.067 - 32.808)	/	36.067
	=	9.04 %

United Maritime'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 )
	=	2	/	10.598
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(10.598 - 8.572)	/	10.598
	=	19.12 %

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.

United Maritime (NAS:USEA) 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

United Maritime had a gross margin of 19.12% for the quarter that ended in Mar. 2024 => 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.

United Maritime Gross Margin % Related Terms

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United Maritime (United Maritime) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » United Maritime Corp (NAS:USEA) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

YS9:Germany

Address

154 Vouliagmenis Avenue, Glyfada, GRC, 166 74

Website

https://www.unitedmaritime.gr/en

United Maritime Corp operates as a shipping company currently specializing in the worldwide seaborne transportation of dry bulk commodities. It currently operates one LR2 tanker vessel and three Capesize dry bulk vessels, one Kamsarmax dry bulk vessel and one Panamax dry bulk vessel, with an aggregate cargo-carrying capacity of approximately 795,812 dwt.