HyreCar (HyreCar) Gross Margin % : 37.46% (As of Sep. 2022)

HyreCar Gross Margin % Chart

HyreCar Quarterly Data
	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22
Gross Margin %	Get a 7-Day Free Trial															30.67	34.27	30.86	35.33	37.46

Competitive Comparison of HyreCar's Gross Margin %

For the Rental & Leasing Services subindustry, HyreCar'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.

HyreCar's Gross Margin % Distribution in the Business Services Industry

For the Business Services industry and Industrials sector, HyreCar's Gross Margin % distribution charts can be found below:

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

HyreCar Gross Margin % Calculation

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

HyreCar's Gross Margin for the fiscal year that ended in Dec. 2021 is calculated as

HyreCar's Gross Margin for the quarter that ended in Sep. 2022 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.

HyreCar  (OTCPK:HYREQ) 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

HyreCar had a gross margin of 37.46% for the quarter that ended in Sep. 2022 => Competition eroding margins

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.

HyreCar Gross Margin % Related Terms

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HyreCar (HyreCar) Business Description