MRC Global's gross profit for the
three
months ended in Mar. 2024 was $163 Mil. MRC Global's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $674 Mil.
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 $163 Mil. MRC Global's Revenue for the
three
months ended in Mar. 2024 was $806 Mil. Therefore, MRC Global's Gross Margin % for the quarter that ended in Mar. 2024 was 20.22%.
MRC Global had a gross margin of 20.22% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of MRC Global was 20.22%. The lowest was 15.39%. And the median was 17.00%.
MRC Global Gross Profit Historical Data
The historical data trend for MRC Global's Gross Profit 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 MRC Global's Gross Profit
For the Oil & Gas Equipment & Services subindustry, MRC Global's Gross Profit, along with its competitors' market caps and Gross Profit 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 Profit Distribution in the Oil & Gas Industry
For the Oil & Gas industry and Energy sector, MRC Global's Gross Profit distribution charts can be found below:
* The bar in red indicates where MRC Global's Gross Profit falls into.
MRC Global Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
MRC Global's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $674 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
MRC Global (NYSE:MRC) Gross Profit 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
MRC Global Gross Profit Related Terms
Thank you for viewing the detailed overview of MRC Global's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
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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