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Gross Margin % is calculated as gross profit divided by its revenue. Custom Truck One Source's Gross Profit for the three months ended in Dec. 2023 was $127 Mil. Custom Truck One Source's Revenue for the three months ended in Dec. 2023 was $522 Mil. Therefore, Custom Truck One Source's Gross Margin % for the quarter that ended in Dec. 2023 was 24.31%.
Warning Sign:
Custom Truck One Source Inc gross margin has been in long-term decline. The average rate of decline per year is -7.6%.
The historical rank and industry rank for Custom Truck One Source's Gross Margin % or its related term are showing as below:
During the past 7 years, the highest Gross Margin % of Custom Truck One Source was 33.14%. The lowest was 17.99%. And the median was 24.82%.
Custom Truck One Source had a gross margin of 24.31% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Custom Truck One Source was -7.60% per year.
The historical data trend for Custom Truck One Source'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.
Custom Truck One Source Annual Data | ||||||||||||||||
Trend | Dec17 | Dec18 | Dec19 | Dec20 | Dec21 | Dec22 | Dec23 | |||||||||
Gross Margin % | Get a 7-Day Free Trial | 32.78 | 25.25 | 17.99 | 24.39 | 24.36 |
Custom Truck One Source 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 | 26.37 | 24.25 | 24.21 | 24.67 | 24.31 |
For the Rental & Leasing Services subindustry, Custom Truck One Source'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.
For the Business Services industry and Industrials sector, Custom Truck One Source's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Custom Truck One Source's Gross Margin % falls into.
Gross Margin is the percentage of Gross Profit out of sales or Revenue.
Custom Truck One Source'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 ) |
= | 454.3 | / | 1865.1 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (1865.1 - 1410.84) | / | 1865.1 | |
= | 24.36 % |
Custom Truck One Source'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 ) |
= | 126.8 | / | 521.754 | |
= | (Revenue - Cost of Goods Sold) | / | Revenue | |
= | (521.754 - 394.93) | / | 521.754 | |
= | 24.31 % |
* 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.
Custom Truck One Source (NYSE:CTOS) 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
Custom Truck One Source had a gross margin of 24.31% 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.
Thank you for viewing the detailed overview of Custom Truck One Source's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Christopher J Eperjesy | officer: Chief Financial Officer | 505 HIGHWAY 169 NORTH, PLYMOUTH MN 55441 |
Marshall Heinberg | director | 1 CORPORATE AVENUE, ROWVILLE C3 3178 |
Mark Ein | director, 10 percent owner, officer: Chairman and CEO | |
Ecp Controlco, Llc | 10 percent owner | 40 BEECHWOOD ROAD, SUMMIT NJ 07901 |
Raymond Todd Barrett | officer: Chief Accounting Officer | 6714 POINT INVERNESS WAY, STE 220, FORT WAYNE IN 46804 |
Paul M Jolas | officer: EVP, General Counsel & Sec | 331 N. MAIN ST., EULESS TX 76039 |
Mary M. Jackson | director | 7799 LEESBURG PIKE, SUITE 300 NORTH, FALLS CHURCH VA 22043 |
Blackstone Holdings Iii L.p. | other: See Remarks | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Energy Partners Nq L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Blackstone Holdings Ii L.p. | 10 percent owner | C/O BLACKSTONE INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Ecp Cardinal Holdings, Lp | director, 10 percent owner | 40 BEECHWOOD ROAD, SUMMIT NJ 07901 |
Thomas R. Rich | officer: EVP - Rentals | C/O NESCO HOLDINGS, INC., 6714 POINTE INVERNESS WAY, SUITE 220, FORT WAYNE IN 46804 |
James Carlsen | officer: CIO | C/O NESCO HOLDINGS, INC., 6714 POINTE INVERNESS WAY, SUITE 220, FORT WAYNE IN 46804 |
Blackstone Family Investment Partnership Vi-nq Esc L.p. | 10 percent owner | C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154 |
Bcp Vi-nq Side-by-side Gp L.l.c. | 10 percent owner | C/O THE BLACKSTONE GROUP INC., 345 PARK AVENUE, NEW YORK NY 10154 |
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