Gross Margin % is calculated as gross profit divided by its revenue. MongoDB's Gross Profit for the
three
months ended in Jan. 2024 was $343 Mil. MongoDB's Revenue for the
three
months ended in Jan. 2024 was $458 Mil. Therefore, MongoDB's Gross Margin % for the quarter that ended in Jan. 2024 was 74.97%.
The historical rank and industry rank for MongoDB's Gross Margin % or its related term are showing as below:
MDB'
s Gross Margin % Range Over the Past 10 Years
Min: 68.04 Med: 72.45 Max: 74.78
Current: 74.78
During the past 9 years, the highestGross Margin % of MongoDB was 74.78%. The lowest was 68.04%. And the median was 72.45%.
MDB's Gross Margin % is ranked better than 82.84% of 2628
companies
in the Software industry
Industry Median: 41.71
vs MDB: 74.78
MongoDB had a gross margin of 74.97% for the quarter that ended in Jan. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for MongoDB was 0.80% per year.
MongoDB Gross Margin % Historical Data
The historical data trend for MongoDB'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 MongoDB's Gross Margin %
For the Software - Infrastructure subindustry, MongoDB'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.
MongoDB's Gross Margin % Distribution in the Software Industry
For the Software industry and Technology sector, MongoDB's Gross Margin % distribution charts can be found below:
* The bar in red indicates where MongoDB'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.
MongoDB (NAS:MDB) 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
MongoDB had a gross margin of 74.97% for the quarter that ended in Jan. 2024 => Durable 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.
MongoDB Gross Margin % Related Terms
Thank you for viewing the detailed overview of MongoDB's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Founded in 2007, MongoDB is a document-oriented database with nearly 33,000 paying customers and well past 1.5 million free users. MongoDB provides both licenses as well as subscriptions as a service for its NoSQL database. MongoDB's database is compatible with all major programming languages and is capable of being deployed for a variety of use cases.
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