Gulf Marine Services (LSE:GMS) Gross Margin % : 88.02% (As of Dec. 2023)

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What is Gulf Marine Services Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Gulf Marine Services's Gross Profit for the six months ended in Dec. 2023 was £53.8 Mil. Gulf Marine Services's Revenue for the six months ended in Dec. 2023 was £61.1 Mil. Therefore, Gulf Marine Services's Gross Margin % for the quarter that ended in Dec. 2023 was 88.02%.

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

LSE:GMS' s Gross Margin % Range Over the Past 10 Years
Min: -54.18 Med: 43.45 Max: 67.83
Current: 67.81

During the past 13 years, the highest Gross Margin % of Gulf Marine Services was 67.83%. The lowest was -54.18%. And the median was 43.45%.

LSE:GMS's Gross Margin % is ranked better than
89.77% of 929 companies
in the Oil & Gas industry
Industry Median: 27.87 vs LSE:GMS: 67.81

Gulf Marine Services had a gross margin of 88.02% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Gulf Marine Services was 0.00% per year.

Gulf Marine Services Gross Margin % Historical Data

The historical data trend for Gulf Marine Services'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.

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Gulf Marine Services Gross Margin % Chart

Gulf Marine Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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-22.97

-54.18

52.66

45.46

67.83

Gulf Marine Services Semi-Annual Data
	Jun14	Dec14	Jun15	Dec15	Jun16	Dec16	Jun17	Dec17	Jun18	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Dec22	Jun23	Dec23
Gross Margin %	Get a 7-Day Free Trial															69.41	41.23	49.67	46.82	88.02

Competitive Comparison of Gulf Marine Services's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Gulf Marine Services'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.

Gulf Marine Services's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Gulf Marine Services's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Gulf Marine Services's Gross Margin % falls into.

Gulf Marine Services Gross Margin % Calculation

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

Gulf Marine Services'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 )
	=	81.2	/	119.766
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(119.766 - 38.525)	/	119.766
	=	67.83 %

Gulf Marine Services's Gross Margin for the quarter that ended in Dec. 2023 is calculated as

Gross Margin % (Q: Dec. 2023 )	=	Gross Profit (Q: Dec. 2023 )	/	Revenue (Q: Dec. 2023 )
	=	53.8	/	61.081
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(61.081 - 7.318)	/	61.081
	=	88.02 %

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.

Gulf Marine Services (LSE:GMS) 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

Gulf Marine Services had a gross margin of 88.02% for the quarter that ended in Dec. 2023 => 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.

Gulf Marine Services Gross Margin % Related Terms

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Gulf Marine Services (LSE:GMS) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Gulf Marine Services PLC (LSE:GMS) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

GMSl:UK G0M:Germany

Address

P.O. Box 46046, Abu Dhabi, ARE

Website

https://www.gmsplc.com

Gulf Marine Services PLC is a United Kingdom-based operator of self-propelled and self-elevating support vessels (SESVs). Its assets provide a stable platform for the delivery of a range of services performed by the company's clients throughout the total lifecycle of offshore oil, gas, and renewable energy activities. Its operating business segments include K-Class vessels, which include the Kamikaze, Kikuyu, Kawawa, Kudeta, Keloa, and Pepper vessels; S-Class vessels, which include the Shamal, Scirocco, and Sharqi vessels, E-Class vessels, which include the Endeavour, Endurance, Enterprise and Evolution vessels; and Other vessels segment.