Stericycle's gross profit for the
three
months ended in Mar. 2024 was $255 Mil. Stericycle's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $1,009 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Stericycle's gross profit for the
three
months ended in Mar. 2024 was $255 Mil. Stericycle's Revenue for the
three
months ended in Mar. 2024 was $665 Mil. Therefore, Stericycle's Gross Margin % for the quarter that ended in Mar. 2024 was 38.34%.
Stericycle had a gross margin of 38.34% for the quarter that ended in Mar. 2024 => Competition eroding margins
During the past 13 years, the highestGross Margin % of Stericycle was 42.82%. The lowest was 35.50%. And the median was 39.42%.
Stericycle Gross Profit Historical Data
The historical data trend for Stericycle'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.
Competitive Comparison of Stericycle's Gross Profit
For the Waste Management subindustry, Stericycle'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.
Stericycle's Gross Profit Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Stericycle's Gross Profit distribution charts can be found below:
* The bar in red indicates where Stericycle's Gross Profit falls into.
Stericycle Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Stericycle's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,009 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* 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.
Stericycle (NAS:SRCL) 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
Stericycle had a gross margin of 38.34% for the quarter that ended in Mar. 2024 => Competition eroding margins
Stericycle Gross Profit Related Terms
Thank you for viewing the detailed overview of Stericycle's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Stericycle is the largest provider of medical waste disposal and data destruction (primarily paper shredding) services in the United States. Its next closest national competitor in the medical waste disposal space is Sharps Compliance, which generated $76 million of sales in fiscal 2021 before its 2022 acquisition (about 4% of Stericycle's global regulated waste and compliance revenue). Stericycle's data destruction business (Shred-It) is about twice the size of its closest competitor (Iron Mountain's information destruction segment). Stericycle has a global presence, with about 20% of its revenue earned outside North America.
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