The historical rank and industry rank for Ampco-Pittsburgh's Gross Margin % or its related term are showing as below:
AP'
s Gross Margin % Range Over the Past 10 Years
Min: 15.94 Med: 17.74 Max: 21.62
Current: 17.65
During the past 13 years, the highestGross Margin % of Ampco-Pittsburgh was 21.62%. The lowest was 15.94%. And the median was 17.74%.
AP's Gross Margin % is ranked worse than 74.95% of 2934
companies
in the Industrial Products industry
Industry Median: 26.345
vs AP: 17.65
Ampco-Pittsburgh had a gross margin of 15.41% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Ampco-Pittsburgh was -0.10% per year.
Ampco-Pittsburgh Gross Margin % Historical Data
The historical data trend for Ampco-Pittsburgh'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.
Competitive Comparison of Ampco-Pittsburgh's Gross Margin %
For the Metal Fabrication subindustry, Ampco-Pittsburgh'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.
Ampco-Pittsburgh's Gross Margin % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Ampco-Pittsburgh's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Ampco-Pittsburgh's Gross Margin % falls into.
* 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.
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
Ampco-Pittsburgh had a gross margin of 15.41% for the quarter that ended in Dec. 2023 => 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.
Ampco-Pittsburgh Gross Margin % Related Terms
Thank you for viewing the detailed overview of Ampco-Pittsburgh's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Ampco-Pittsburgh (Ampco-Pittsburgh) Business Description
Ampco-Pittsburgh Corp is a U,S.-based company manufacturing and selling engineered, specialty metal products and customized equipment. It operates in two business segments namely the Forged and Cast Engineered Products segment and the Air and Liquid Processing segment. The Forged and Cast Engineered Products segment produces forged hardened steel rolls, cast rolls, and open-die forged products. Forged hardened steel rolls are used in cold rolling mills by producers of steel, aluminum, and other metals whereas, the Air and Liquid Processing segment includes Aerofin, Buffalo Air Handling, and Buffalo Pumps. The company generates a majority of its revenue from the Forged and Cast Engineered Products segment. It has a business presence in the U,S and other countries.
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