Blink Charging Co (Blink Charging Co) Gross Margin % : 24.46% (As of Dec. 2023)

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What is Blink Charging Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Blink Charging Co's Gross Profit for the three months ended in Dec. 2023 was $10.4 Mil. Blink Charging Co's Revenue for the three months ended in Dec. 2023 was $42.5 Mil. Therefore, Blink Charging Co's Gross Margin % for the quarter that ended in Dec. 2023 was 24.46%.

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

BLNK' s Gross Margin % Range Over the Past 10 Years
Min: -206.03 Med: 18.68 Max: 38.88
Current: 28.36

During the past 13 years, the highest Gross Margin % of Blink Charging Co was 38.88%. The lowest was -206.03%. And the median was 18.68%.

BLNK's Gross Margin % is ranked better than
67.6% of 1608 companies
in the Construction industry
Industry Median: 19.23 vs BLNK: 28.36

Blink Charging Co had a gross margin of 24.46% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Blink Charging Co was 1.30% per year.

Blink Charging Co Gross Margin % Historical Data

The historical data trend for Blink Charging Co'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.

Blink Charging Co Gross Margin % Chart

Blink Charging Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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13.52

24.08

11.89

23.84

28.36

Blink Charging Co 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															28.62	20.79	37.06	29.40	24.46

Competitive Comparison of Blink Charging Co's Gross Margin %

For the Engineering & Construction subindustry, Blink Charging Co'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.

Blink Charging Co's Gross Margin % Distribution in the Construction Industry

For the Construction industry and Industrials sector, Blink Charging Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Blink Charging Co's Gross Margin % falls into.

Blink Charging Co Gross Margin % Calculation

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

Blink Charging Co'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 )
	=	39.7	/	140.129
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(140.129 - 100.392)	/	140.129
	=	28.36 %

Blink Charging Co'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 )
	=	10.4	/	42.526
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(42.526 - 32.124)	/	42.526
	=	24.46 %

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.

Blink Charging Co (NAS:BLNK) 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

Blink Charging Co had a gross margin of 24.46% for the quarter that ended in Dec. 2023 => Competition eroding margins

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.

Blink Charging Co Gross Margin % Related Terms

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Blink Charging Co (Blink Charging Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Construction » Blink Charging Co (NAS:BLNK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BLNK:Mexico

Address

605 Lincoln Road, 5th Floor, Miami Beach, FL, USA, 33139

Website

https://www.blinkcharging.com

Blink Charging Co is an owner, operator, and provider of electric vehicle (EV) charging services. The company offers both residential and commercial EV charging equipment, enabling EV drivers to easily recharge at various location types. The company's business is the sale and distribution of electric vehicle charging equipment and its associated revenues earned from customers and/or Property Partners who use equipment connected to its network.

Executives

Michael D Farkas	director, 10 percent owner, officer: Executive Chairman
Michael C. Battaglia	officer: Chief Operating Officer	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Mahidhar Reddy	director, officer: CEO of a Blink Subsidiary	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Kristina A. Peterson	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Jack Levine	director	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Mark Pastrone	officer: Chief Operating Officer	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Aviv Hillo	officer: General Counsel	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Cedric L. Richmond	director	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Harjinder Bhade	officer: Chief Technology Officer	C/O BLINK CHARGING CO., 605 LINCOLN ROAD, 5TH FLOOR, MIAMI BEACH FL 33139
Donald Engel	director, officer: Business Development Officer	570 PARK AVE, NEW YORK NY 10065
Carmen Perez-carlton	director	2101 RIVERFRONT DRIVE, SUITE A, LITTLE ROCK AR 72202
Kenneth R. Marks	director	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Brendan Sean Jones	officer: Chief Operating Officer	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI BEACH FL 33139
Michael P Rama	officer: Chief Financial Officer	C/O AVATAR HOLDINGS INC, 201 ALHAMBRA CIRCLE 12TH FLOOR, CORAL GABLES FL 33134
Louis R. Buffalino	director	C/O BLINK CHARGING CO., 407 LINCOLN ROAD, SUITE 704, MIAMI FL 33139