LCI Industries (LCI Industries) Gross Margin % : 19.23% (As of Dec. 2023)

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What is LCI Industries Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. LCI Industries's Gross Profit for the three months ended in Dec. 2023 was $161 Mil. LCI Industries's Revenue for the three months ended in Dec. 2023 was $838 Mil. Therefore, LCI Industries's Gross Margin % for the quarter that ended in Dec. 2023 was 19.23%.

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

LCII' s Gross Margin % Range Over the Past 10 Years
Min: 20.51 Med: 22.85 Max: 25.55
Current: 20.51

During the past 13 years, the highest Gross Margin % of LCI Industries was 25.55%. The lowest was 20.51%. And the median was 22.85%.

LCII's Gross Margin % is ranked better than
53.82% of 1269 companies
in the Vehicles & Parts industry
Industry Median: 19.37 vs LCII: 20.51

LCI Industries had a gross margin of 19.23% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage

The 5-Year average Growth Rate of Gross Margin for LCI Industries was 0.00% per year.

LCI Industries Gross Margin % Historical Data

The historical data trend for LCI Industries'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.

LCI Industries Gross Margin % Chart

LCI Industries Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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22.74

25.25

23.32

24.45

20.51

LCI Industries 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															16.43	19.12	21.50	21.99	19.23

Competitive Comparison of LCI Industries's Gross Margin %

For the Recreational Vehicles subindustry, LCI Industries'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.

LCI Industries's Gross Margin % Distribution in the Vehicles & Parts Industry

For the Vehicles & Parts industry and Consumer Cyclical sector, LCI Industries's Gross Margin % distribution charts can be found below:

* The bar in red indicates where LCI Industries's Gross Margin % falls into.

LCI Industries Gross Margin % Calculation

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

LCI Industries'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 )
	=	776.2	/	3784.808
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(3784.808 - 3008.618)	/	3784.808
	=	20.51 %

LCI Industries'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 )
	=	161.1	/	837.544
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(837.544 - 676.493)	/	837.544
	=	19.23 %

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.

LCI Industries (NYSE:LCII) 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

LCI Industries had a gross margin of 19.23% 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.

LCI Industries Gross Margin % Related Terms

Thank you for viewing the detailed overview of LCI Industries's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

LCI Industries (LCI Industries) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Consumer Cyclical » Vehicles & Parts » LCI Industries Inc (NYSE:LCII) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

0DI:Germany

Address

3501 County Road 6 East, Elkhart, IN, USA, 46514

Website

https://www.lci1.com

LCI Industries Inc supplies domestically and internationally components for the original equipment manufacturers of recreational vehicles and adjacent industries including buses; trailers used to haul boats, livestock, equipment and other cargo. It has two reportable segments the original equipment manufacturers segment and the aftermarket segment. The OEM Segment manufactures or distributes components for the OEMs of RVs and adjacent industries, including buses; trailers used to haul boats, livestock, equipment and other cargo; trucks; pontoon boats; trains; manufactured homes; and modular housing. Its products are sold primarily to major manufacturers of RVs such as Thor Industries, Forest River, Winnebago and other RV OEMs, and to manufacturers in adjacent industries.

Executives

Brendan Deely	director	USG CORPORATION, 125 SOUTH FRANKLIN STREET, CHICAGO IL 60606
Linda Kristine Myers	director	3556 LAKE SHORE ROAD, P.O. BOX 2028, BUFFALO NY 14219
Stephanie K. Mains	director	C/O GATES INDUSTRIAL CORPORATION PLC, 1144 FIFTEENTH STREET, SUITE 1400, DENVER CO 80202
Lillian Etzkorn	officer: EVP & CFO	1570 FOREST LANE, BLOOMFIELD HILLS MI 48301
Eileen S Pruitt	officer: Deputy CHRO	C/O LCI INDUSTRIES, 3501 COUNTRY ROAD 6 EAST, ELKHART IN 46514
Nick C Fletcher	officer: CHIEF HUMAN RESOURCES OFFICER	3305 HIDDEN SPRINGS LANE, PROSPECT KY 40059
James Gero	director	C/O ORTHOFIX INTERNATIONAL, 3451 PLANO PARKWAY, LEWISVILLE TX 75056
Kieran M O'sullivan	director	2375 CABOT DRIVE, LISLE IL 60532
Jamie Schnur	officer: Chief Administrative Officer	C/O LIPPERT COMPONENTS, 2703 COLLEGE AVENUE, GOSHEN IN 46526
Jason Lippert	director, officer: Chief Executive Officer	C/O LIPPERT COMPONENTS INC, 2375 TAMIAMI TRAIL NORTH STE 11, NAPLES FL 34103
Ryan Richard Smith	officer: Group President - N.A.	C/O LCI INDUSTRIES, 3501 COUNTY ROAD 6 EAST, ELKHART IN 46514
David A Reed	director	TEXAS INDUSTRIES INC, 1341 W MOCKINGBIRD LN, DALLAS TX 75247
Ronald Fenech	director	419 WEST PIKE STREET, JACKSON CENTER OH 45334
John A. Sirpilla	director	C/O LCI INDUSTRIES, 3501, ELKHART IN 46514
Scott T Mereness	officer: President	C/O LIPPERT COMPONENTS, INC., 2766 COLLEGE AVENUE, GOSHEN IN 46528