Gross Margin % is calculated as gross profit divided by its revenue. The Beachbody Co's Gross Profit for the
three
months ended in Dec. 2023 was $74.0 Mil. The Beachbody Co's Revenue for the
three
months ended in Dec. 2023 was $119.0 Mil. Therefore, The Beachbody Co's Gross Margin % for the quarter that ended in Dec. 2023 was 62.16%.
Warning Sign:
The Beachbody Co Inc gross margin has been in long-term decline. The average rate of decline per year is -4.9%.
The historical rank and industry rank for The Beachbody Co's Gross Margin % or its related term are showing as below:
BODI'
s Gross Margin % Range Over the Past 10 Years
Min: 53.39 Med: 66.71 Max: 72.17
Current: 61.29
During the past 6 years, the highestGross Margin % of The Beachbody Co was 72.17%. The lowest was 53.39%. And the median was 66.71%.
BODI's Gross Margin % is ranked better than 50.77% of 522
companies
in the Interactive Media industry
Industry Median: 60.98
vs BODI: 61.29
The Beachbody Co had a gross margin of 62.16% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for The Beachbody Co was -4.90% per year.
The Beachbody Co Gross Margin % Historical Data
The historical data trend for The Beachbody Co'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 The Beachbody Co's Gross Margin %
For the Internet Content & Information subindustry, The Beachbody Co'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.
The Beachbody Co's Gross Margin % Distribution in the Interactive Media Industry
For the Interactive Media industry and Communication Services sector, The Beachbody Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where The Beachbody Co'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.
The Beachbody Co (NYSE:BODI) 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
The Beachbody Co had a gross margin of 62.16% 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.
The Beachbody Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of The Beachbody Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
The Beachbody Co (The Beachbody Co) Business Description
The Beachbody Co Inc is a health and wellness platform providing fitness, nutrition and stress-reducing programs to customers. The product offerings of the company include Digital Subscriptions, Nutritional Products, and Connected Fitness Products. It earns the majority of its revenue from the United States. The company operates and manages its business in two operating segments, Beachbody and Other.
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