Crane Co (Crane Co) Gross Profit : $960 Mil (TTM As of Dec. 2023)

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What is Crane Co Gross Profit?

Crane Co's gross profit for the three months ended in Dec. 2023 was $194 Mil. Crane Co's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $960 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Crane Co's gross profit for the three months ended in Dec. 2023 was $194 Mil. Crane Co's Revenue for the three months ended in Dec. 2023 was $533 Mil. Therefore, Crane Co's Gross Margin % for the quarter that ended in Dec. 2023 was 36.37%.

Crane Co had a gross margin of 36.37% for the quarter that ended in Dec. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Crane Co was 39.73%. The lowest was 33.39%. And the median was 35.31%.

Crane Co Gross Profit Historical Data

The historical data trend for Crane Co's Gross Profit 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.

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Crane Co Gross Profit Chart

Crane Co Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Profit

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1,132.30

1,006.20

688.80

713.60

805.00

Crane Co Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Profit	Get a 7-Day Free Trial															175.10	361.60	201.10	203.20	193.80

Competitive Comparison of Crane Co's Gross Profit

For the Specialty Industrial Machinery subindustry, Crane Co's Gross Profit, along with its competitors' market caps and Gross Profit 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.

Crane Co's Gross Profit Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Crane Co's Gross Profit distribution charts can be found below:

* The bar in red indicates where Crane Co's Gross Profit falls into.

Crane Co Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Crane Co's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	2086.4	-	1281.4
	=	805

Crane Co's Gross Profit for the quarter that ended in Dec. 2023 is calculated as

Gross Profit (Q: Dec. 2023 )	=	Revenue	-	Cost of Goods Sold
	=	532.9	-	339.1
	=	194

Gross Profit for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $960 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Crane Co's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	194	/	532.9
	=	36.37 %

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.

Crane Co (NYSE:CR) Gross Profit 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

Crane Co had a gross margin of 36.37% for the quarter that ended in Dec. 2023 => Competition eroding margins

Crane Co Gross Profit Related Terms

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Crane Co (Crane Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Crane Co (NYSE:CR) » Definitions » Gross Profit

Comparable Companies

Traded in Other Exchanges

CZN:Germany

Address

100 First Stamford Place, Stamford, CT, USA, 06902

Website

https://www.craneco.com

Crane is a diversified industrial firm that manufactures a broad range of products, including valves, pumps, aerospace components, and fiberglass-reinforced plastic panels. Its business is organized into three segments: aerospace and electronics, process flow technologies, and engineered materials. Crane generated approximately $2 billion in revenue in 2022.

Executives

Max H Mitchell	officer: President & CEO	CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Richard A Maue	director, officer: Exec. V.P., CFO & PAO	C/O PAXAR CORPORATION, 105 CORPORATE PARK DRIVE, WHITE PLAINS NY 10604
Marijane V. Papanikolaou	officer: V.P, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Jennifer Kartono	officer: SVP, CHRO	950 WINTER STREET 4TH FLOOR, WALTHAM MA 02451
Fund Crane	10 percent owner	C/O CRANE CO, 100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Paul Gerard Igoe	officer: SVP, General Counsel & Sec.	LYDALL, INC., ONE COLONIAL ROAD, MANCHESTER CT 06042
Sanjay Kapoor	director	C/O SPIRIT AEROSYSTEMS HOLDINGS, INC., 3801 SOUTH OLIVER STREET, WICHITA KS 67210
William K Grogan	director	3100 SANDERS ROAD, SUITE 301, NORTHBROOK IL 60062
Bianca B. Shardelow	officer: VP, Controller & CAO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Cristen L Kogl	director	3 OVERLOOK POINT, LINCOLNSHIRE IL 60069
Tamara S. Polmanteer	officer: Exec. Vice President & CHRO	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Ronald Carter Lindsay	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06902
Tullis James L L	director	100 FIRST STAMFORD PLACE, STAMFORD CT 06907
Charles G Mcclure	director	55 CABOT PL, BLOOMFIELD HILLS MI 48304
Alejandro Alcala	officer: Executive Vice President	100 FIRST STAMFORD PLACE, STAMFORD CT 06902