The historical rank and industry rank for Columbus McKinnon's Gross Margin % or its related term are showing as below:
CMCO'
s Gross Margin % Range Over the Past 10 Years
Min: 30.27 Med: 33.93 Max: 37.1
Current: 37.1
During the past 13 years, the highestGross Margin % of Columbus McKinnon was 37.10%. The lowest was 30.27%. And the median was 33.93%.
CMCO's Gross Margin % is ranked better than 85.85% of 205
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.35
vs CMCO: 37.10
Columbus McKinnon had a gross margin of 36.95% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Columbus McKinnon was 1.00% per year.
Columbus McKinnon Gross Margin % Historical Data
The historical data trend for Columbus McKinnon'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 Columbus McKinnon's Gross Margin %
For the Farm & Heavy Construction Machinery subindustry, Columbus McKinnon'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.
Columbus McKinnon's Gross Margin % Distribution in the Farm & Heavy Construction Machinery Industry
For the Farm & Heavy Construction Machinery industry and Industrials sector, Columbus McKinnon's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Columbus McKinnon'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
Columbus McKinnon had a gross margin of 36.95% 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.
Columbus McKinnon Gross Margin % Related Terms
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Columbus McKinnon (Columbus McKinnon) Business Description
Columbus McKinnon Corp is a designer, manufacturer and marketer of intelligent motion solutions, including motion control products, technologies, automated systems and services, that efficiently and ergonomically move, lift, position and secure materials. Its key products include hoists, crane components, precision conveyors, actuators, rigging tools, light rail workstations, and digital power and motion control systems. The company's targeted market verticals include general industries, mobile industries, energy and utilities, process industries, industrial automation, construction and infrastructure, food processing, entertainment, life sciences, consumer packaged goods and e-commerce/supply chain/warehousing.
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