Gross Margin % is calculated as gross profit divided by its revenue. NV5 Global's Gross Profit for the
three
months ended in Dec. 2023 was $108.6 Mil. NV5 Global's Revenue for the
three
months ended in Dec. 2023 was $215.5 Mil. Therefore, NV5 Global's Gross Margin % for the quarter that ended in Dec. 2023 was 50.40%.
The historical rank and industry rank for NV5 Global's Gross Margin % or its related term are showing as below:
NVEE'
s Gross Margin % Range Over the Past 10 Years
Min: 41.69 Med: 48.64 Max: 50.84
Current: 49.94
During the past 13 years, the highestGross Margin % of NV5 Global was 50.84%. The lowest was 41.69%. And the median was 48.64%.
NVEE's Gross Margin % is ranked better than 89.88% of 1610
companies
in the Construction industry
Industry Median: 19.125
vs NVEE: 49.94
NV5 Global had a gross margin of 50.40% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for NV5 Global was 0.70% per year.
NV5 Global Gross Margin % Historical Data
The historical data trend for NV5 Global'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 NV5 Global's Gross Margin %
For the Engineering & Construction subindustry, NV5 Global'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.
NV5 Global's Gross Margin % Distribution in the Construction Industry
For the Construction industry and Industrials sector, NV5 Global's Gross Margin % distribution charts can be found below:
* The bar in red indicates where NV5 Global'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.
NV5 Global (NAS:NVEE) 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
NV5 Global had a gross margin of 50.40% for the quarter that ended in Dec. 2023 => 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.
NV5 Global Gross Margin % Related Terms
Thank you for viewing the detailed overview of NV5 Global's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
NV5 Global Inc is a provider of technology, conformity assessment, and consulting solutions to public and private sector clients in the infrastructure, utility services, construction, real estate, environmental, and geospatial markets, operating nationwide and abroad. The Company's clients include the U.S. Federal, state and local governments, and the private sector. The operating business segments are Infrastructure and Building, Technology & Sciences, and Geospatial Solutions. The maximum revenue derives from the Infrastructure segment.
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