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Curaleaf Holdings (Curaleaf Holdings) Gross Margin % : 47.47% (As of Mar. 2024)


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What is Curaleaf Holdings Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Curaleaf Holdings's Gross Profit for the three months ended in Mar. 2024 was $161 Mil. Curaleaf Holdings's Revenue for the three months ended in Mar. 2024 was $339 Mil. Therefore, Curaleaf Holdings's Gross Margin % for the quarter that ended in Mar. 2024 was 47.47%.

Warning Sign:

Curaleaf Holdings Inc gross margin has been in long-term decline. The average rate of decline per year is -6.3%.


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

CURLF' s Gross Margin % Range Over the Past 10 Years
Min: 45.27   Med: 60.07   Max: 80.76
Current: 45.27


During the past 10 years, the highest Gross Margin % of Curaleaf Holdings was 80.76%. The lowest was 45.27%. And the median was 60.07%.

CURLF's Gross Margin % is ranked worse than
52.64% of 986 companies
in the Drug Manufacturers industry
Industry Median: 46.405 vs CURLF: 45.27

Curaleaf Holdings had a gross margin of 47.47% for the quarter that ended in Mar. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Curaleaf Holdings was -6.30% per year.


Curaleaf Holdings Gross Margin % Historical Data

The historical data trend for Curaleaf 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.

Curaleaf Holdings Gross Margin % Chart

Curaleaf Holdings Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 64.07 62.32 56.68 49.11 45.63

Curaleaf 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 Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 48.23 43.28 45.04 45.24 47.47

Competitive Comparison of Curaleaf Holdings's Gross Margin %

For the Drug Manufacturers - Specialty & Generic subindustry, Curaleaf 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.


Curaleaf Holdings's Gross Margin % Distribution in the Drug Manufacturers Industry

For the Drug Manufacturers industry and Healthcare sector, Curaleaf Holdings's Gross Margin % distribution charts can be found below:

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



Curaleaf Holdings Gross Margin % Calculation

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

Curaleaf 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 )
=614.4 / 1346.632
=(Revenue - Cost of Goods Sold) / Revenue
=(1346.632 - 732.183) / 1346.632
=45.63 %

Curaleaf 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 )
=160.9 / 338.932
=(Revenue - Cost of Goods Sold) / Revenue
=(338.932 - 178.028) / 338.932
=47.47 %

* 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.


Curaleaf Holdings  (OTCPK:CURLF) 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

Curaleaf Holdings had a gross margin of 47.47% 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.


Curaleaf Holdings Gross Margin % Related Terms

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Curaleaf Holdings (Curaleaf Holdings) Business Description

Traded in Other Exchanges
Address
420 Lexington Avenue, Suite 2035, New York, NY, USA, 10170-0052
Curaleaf is headquartered in Wakefield, Massachusetts, and cultivates and sells medicinal and recreational cannabis in the U.S. The company has operations in 18 states. Its brands include Curaleaf, UKU, Select, and Grassroots. The company acquired EMMAC Life Sciences in March 2021, beginning its foray into the global medical market in competition with Canadian cannabis producers.