AssetMark Financial Holdings (AssetMark Financial Holdings) Gross Margin % : 49.94% (As of Mar. 2024)

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What is AssetMark Financial Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. AssetMark Financial Holdings's Gross Profit for the three months ended in Mar. 2024 was $95.0 Mil. AssetMark Financial Holdings's Revenue for the three months ended in Mar. 2024 was $190.3 Mil. Therefore, AssetMark Financial Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 49.94%.

The historical rank and industry rank for AssetMark Financial Holdings's Gross Margin % or its related term are showing as below:

AMK' s Gross Margin % Range Over the Past 10 Years
Min: 27.82 Med: 34.19 Max: 50.34
Current: 50.34

During the past 7 years, the highest Gross Margin % of AssetMark Financial Holdings was 50.34%. The lowest was 27.82%. And the median was 34.19%.

AMK's Gross Margin % is ranked worse than
51.51% of 530 companies
in the Asset Management industry
Industry Median: 51.47 vs AMK: 50.34

AssetMark Financial Holdings had a gross margin of 49.94% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for AssetMark Financial Holdings was 8.30% per year.

AssetMark Financial Holdings Gross Margin % Historical Data

The historical data trend for AssetMark Financial Holdings'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.

AssetMark Financial Holdings Gross Margin % Chart

AssetMark Financial Holdings Annual Data

Trend

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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31.57

27.82

34.19

47.36

50.00

AssetMark Financial Holdings Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Gross Margin %	Get a 7-Day Free Trial															50.30	47.91	48.46	55.91	49.94

Competitive Comparison of AssetMark Financial Holdings's Gross Margin %

For the Asset Management subindustry, AssetMark Financial Holdings'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.

AssetMark Financial Holdings's Gross Margin % Distribution in the Asset Management Industry

For the Asset Management industry and Financial Services sector, AssetMark Financial Holdings's Gross Margin % distribution charts can be found below:

* The bar in red indicates where AssetMark Financial Holdings's Gross Margin % falls into.

AssetMark Financial Holdings Gross Margin % Calculation

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

AssetMark Financial Holdings's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )	=	Gross Profit (A: Dec. 2023 )	/	Revenue (A: Dec. 2023 )
	=	354.2	/	708.499
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(708.499 - 354.28)	/	708.499
	=	50.00 %

AssetMark Financial Holdings's Gross Margin for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )	=	Gross Profit (Q: Mar. 2024 )	/	Revenue (Q: Mar. 2024 )
	=	95	/	190.266
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(190.266 - 95.249)	/	190.266
	=	49.94 %

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.

AssetMark Financial Holdings (NYSE:AMK) 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

AssetMark Financial Holdings had a gross margin of 49.94% 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.

AssetMark Financial Holdings Gross Margin % Related Terms

Thank you for viewing the detailed overview of AssetMark Financial Holdings's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

AssetMark Financial Holdings (AssetMark Financial Holdings) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Asset Management » AssetMark Financial Holdings Inc (NYSE:AMK) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

0LA:Germany

Address

1655 Grant Street, 10th Floor, Concord, CA, USA, 94520

Website

https://www.assetmark.com

AssetMark Financial Holdings Inc is a provider of extensive wealth management and technology solutions that power independent financial advisers and their clients. It provides an end-to-end experience, spanning nearly all elements of an adviser's engagement with the client, from initial conversations to ongoing financial planning discussions, including performance reporting and billing. In addition, the company's platform provides tools and capabilities for advisers to better manage their day-to-day business activities, giving them more time for meaningful conversations with investors.

Executives

Carrie E. Hansen	officer: EVP, Chief Operating Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Ted F. Angus	officer: EVP, General Counsel	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Mcnatt Joel David Jr	officer: EVP, Investment Solutions	C/O ASSETMARK FINANCIAL HOLDINGS INC., 1655 GRANT ST 10TH FLOOR, CONCORD CA 94520
Mukesh Mehta	officer: EVP, Chief Information Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Michael Kim	officer: EVP, Chief Client Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Natalie Grace Wolfsen	officer: EVP, Chief Solutions Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Gary G. Zyla	officer: EVP, Chief Financial Officer	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Esi Minta-jacobs	officer: EVP, Prgm Mgmt & HR	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Jeremiah H Chafkin	officer: EVP, Chief Investment Officer	C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
John Hahn	officer: SVP, Finance & Reporting (PAO)	C/O ASSETMARK FINANCIAL HOLDINGS, INC., 1655 GRANT STREET 10TH FLOOR, CONCORD CA 94520
Joseph M Velli	director
Charles G Goldman	director, officer: President and CEO	C/O THE CHARLES SCHWAB CORPORATION, 120 KEARNY STREET, SAN FRANCISCO CA 94108
Lei Wang	director	1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Xiaoning Jiao	director	1655 GRANT STREET, 10TH FLOOR, CONCORD CA 94520
Huatai Securities Co., Ltd.	10 percent owner	NO.228 MIDDLE JIANGDONG ROAD, NANJING, JIANGSU PROVINCE F4 210019