Spirit AeroSystems Holdings's gross profit for the
three
months ended in Dec. 2023 was $291 Mil. Spirit AeroSystems Holdings's gross profit for the trailing twelve months (TTM) ended in Dec. 2023 was $206 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Spirit AeroSystems Holdings's gross profit for the
three
months ended in Dec. 2023 was $291 Mil. Spirit AeroSystems Holdings's Revenue for the
three
months ended in Dec. 2023 was $1,813 Mil. Therefore, Spirit AeroSystems Holdings's Gross Margin % for the quarter that ended in Dec. 2023 was 16.07%.
Spirit AeroSystems Holdings had a gross margin of 16.07% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
During the past 13 years, the highestGross Margin % of Spirit AeroSystems Holdings was 16.73%. The lowest was -12.94%. And the median was 12.49%.
Spirit AeroSystems Holdings Gross Profit Historical Data
The historical data trend for Spirit AeroSystems Holdings'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.
For the Aerospace & Defense subindustry, Spirit AeroSystems Holdings'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.
Spirit AeroSystems Holdings Gross Profit Distribution
For the Aerospace & Defense industry and Industrials sector, Spirit AeroSystems Holdings's Gross Profit distribution charts can be found below:
* The bar in red indicates where Spirit AeroSystems Holdings's Gross Profit falls into.
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 $206 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Spirit AeroSystems Holdings's Gross Margin % for the quarter that ended in Dec. 2023 is calculated as
* 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.
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
Spirit AeroSystems Holdings had a gross margin of 16.07% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
Spirit AeroSystems Holdings Gross Profit Related Terms
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Spirit AeroSystems Holdings (Spirit AeroSystems Holdings) Business Description
Spirit AeroSystems manufactures aerostructures, particularly fuselages, cockpits, wing sections, engine pylons, and nacelles for commercial and military aircraft. The company was spun out of Boeing in 2005, and the firm is the largest independent supplier of aerostructures for commercial aircraft. Boeing and Airbus are the firm's primary customers—Boeing represented roughly 60% and Airbus roughly 20% of revenue in recent years. The company is highly exposed to Boeing's 737 program, which accounts for nearly half the company's revenue.
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