USD Partners LP (USD Partners LP) Gross Margin % : 28.93% (As of Sep. 2023)

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What is USD Partners LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. USD Partners LP's Gross Profit for the three months ended in Sep. 2023 was $3.21 Mil. USD Partners LP's Revenue for the three months ended in Sep. 2023 was $11.08 Mil. Therefore, USD Partners LP's Gross Margin % for the quarter that ended in Sep. 2023 was 28.93%.

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

USDP' s Gross Margin % Range Over the Past 10 Years
Min: 22.54 Med: 40.55 Max: 47.23
Current: 37.94

During the past 11 years, the highest Gross Margin % of USD Partners LP was 47.23%. The lowest was 22.54%. And the median was 40.55%.

USDP's Gross Margin % is ranked better than
80.51% of 944 companies
in the Transportation industry
Industry Median: 20.235 vs USDP: 37.94

USD Partners LP had a gross margin of 28.93% for the quarter that ended in Sep. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for USD Partners LP was -0.60% per year.

USD Partners LP Gross Margin % Historical Data

The historical data trend for USD Partners LP'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.

USD Partners LP Gross Margin % Chart

USD Partners LP Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Gross Margin %

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40.15

34.73

44.89

47.23

33.78

USD Partners LP Quarterly Data
	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23
Gross Margin %	Get a 7-Day Free Trial															19.10	35.19	39.74	44.03	28.93

Competitive Comparison of USD Partners LP's Gross Margin %

For the Railroads subindustry, USD Partners LP'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.

USD Partners LP's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, USD Partners LP's Gross Margin % distribution charts can be found below:

* The bar in red indicates where USD Partners LP's Gross Margin % falls into.

USD Partners LP Gross Margin % Calculation

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

USD Partners LP's Gross Margin for the fiscal year that ended in Dec. 2022 is calculated as

Gross Margin % (A: Dec. 2022 )	=	Gross Profit (A: Dec. 2022 )	/	Revenue (A: Dec. 2022 )
	=	37.7	/	111.655
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(111.655 - 73.943)	/	111.655
	=	33.78 %

USD Partners LP's Gross Margin for the quarter that ended in Sep. 2023 is calculated as

Gross Margin % (Q: Sep. 2023 )	=	Gross Profit (Q: Sep. 2023 )	/	Revenue (Q: Sep. 2023 )
	=	3.2	/	11.077
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(11.077 - 7.872)	/	11.077
	=	28.93 %

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.

USD Partners LP (OTCPK:USDP) 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

USD Partners LP had a gross margin of 28.93% for the quarter that ended in Sep. 2023 => Competition eroding margins

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.

USD Partners LP Gross Margin % Related Terms

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USD Partners LP (USD Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » USD Partners LP (OTCPK:USDP) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

811 Main Street, Suite 2800, Houston, TX, USA, 77002

Website

https://www.usdpartners.com

USD Partners LP is formed to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The company's network of crude oil terminals facilitates the transportation of heavy crude oil from Western Canada to key demand centers across North America. The company's operations include railcar loading and unloading, storage and blending in onsite tanks, inbound and outbound pipeline connectivity, truck transloading, and other related logistics services. The company also provides one of the customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons by rail. The company manages its business in two reportable segments: Terminalling services and Fleet services.

Executives

Jeffrey P. Wood	director, other: SEE REMARKS	EAGLE ROCK ENERGY PARTNERS, L.P., P.O. BOX 2968, HOUSTON TX 77252-2968
Keith Benson	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Francesco Ciabatti	director, other: See Remarks.	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Dan Borgen	director, officer: SEE REMARKS	9500 NEW CENTURY, PASADENA TX 77507
Michael Ray Curry	director, other: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii, Lp	10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078
Michael Jay Stanford	officer: Vice President, CAO	811 MAIN ST., SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Gp Iii, Lp	director, 10 percent owner	40 BEECHWOOD ROAD, SUMMIT NJ 07901
G Stacy Smith	director, other: SEE REMARKS	300 CRESCENT COURT SUITE 1111, DALLAS TX 75201
Ecp Controlco, Llc	director, 10 percent owner	40 BEECHWOOD ROAD, SUMMIT NJ 07901
Joshua Dean Ruple	officer: SEE REMARKS	811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Schuyler Coppedge	director, other: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Paul Leray Tucker	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Adam K Altsuler	officer: SEE REMARKS	C/O USD PARTNERS LP, 811 MAIN STREET, SUITE 2800, HOUSTON TX 77002
Energy Capital Partners Iii-b (usd Ip), Lp	director, 10 percent owner	51 JOHN F. KENNEDY PARKWAY, SUITE 200, SHORT HILLS NJ 07078