The historical rank and industry rank for Travel+Leisure Co's Gross Margin % or its related term are showing as below:
TNL'
s Gross Margin % Range Over the Past 10 Years
Min: 92.41 Med: 93.74 Max: 95.42
Current: 93.24
During the past 13 years, the highestGross Margin % of Travel+Leisure Co was 95.42%. The lowest was 92.41%. And the median was 93.74%.
TNL's Gross Margin % is ranked better than 95.82% of 765
companies
in the Travel & Leisure industry
Industry Median: 43.19
vs TNL: 93.24
Travel+Leisure Co had a gross margin of 92.69% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Travel+Leisure Co was 0.00% per year.
Travel+Leisure Co Gross Margin % Historical Data
The historical data trend for Travel+Leisure 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 Travel+Leisure Co's Gross Margin %
For the Travel Services subindustry, Travel+Leisure 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.
Travel+Leisure Co's Gross Margin % Distribution in the Travel & Leisure Industry
For the Travel & Leisure industry and Consumer Cyclical sector, Travel+Leisure Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Travel+Leisure 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.
Travel+Leisure Co (NYSE:TNL) 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
Travel+Leisure Co had a gross margin of 92.69% for the quarter that ended in Mar. 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.
Travel+Leisure Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Travel+Leisure Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Travel+Leisure Co (Travel+Leisure Co) Business Description
Travel+Leisure Co is a membership and leisure travel company. It provides hospitality services and travel products. The company operates in the segments of Vacation Ownership, which is the key revenue-driving segment, develops, markets and sells vacation ownership interests (VOIs) to individual consumers, provides consumer financing in connection with the sale of VOIs, and provides property management services at resorts and Travel and Membership which operates a variety of travel businesses, including three vacation exchange brands, a home exchange network, travel technology platforms, travel memberships, and direct-to-consumer rentals. Majority of the revenue is earned from United States.
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