The historical rank and industry rank for Mirion Technologies's Gross Margin % or its related term are showing as below:
MIR'
s Gross Margin % Range Over the Past 10 Years
Min: 43.2 Med: 43.85 Max: 44.91
Current: 44.91
During the past 6 years, the highestGross Margin % of Mirion Technologies was 44.91%. The lowest was 43.20%. And the median was 43.85%.
MIR's Gross Margin % is ranked better than 87.16% of 2935
companies
in the Industrial Products industry
Industry Median: 26.35
vs MIR: 44.91
Mirion Technologies had a gross margin of 45.22% for the quarter that ended in Mar. 2024 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mirion Technologies was 0.00% per year.
Mirion Technologies Gross Margin % Historical Data
The historical data trend for Mirion Technologies'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.
Competitive Comparison of Mirion Technologies's Gross Margin %
For the Specialty Industrial Machinery subindustry, Mirion Technologies'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.
Mirion Technologies's Gross Margin % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Mirion Technologies's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mirion Technologies's Gross Margin % falls into.
* 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.
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
Mirion Technologies had a gross margin of 45.22% 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.
Mirion Technologies Gross Margin % Related Terms
Thank you for viewing the detailed overview of Mirion Technologies's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mirion Technologies (Mirion Technologies) Business Description
Mirion Technologies Inc provides products, services, and software that allows customers to safely leverage the power of ionizing radiation for the greater good of humanity through critical applications in the medical, nuclear, defense markets, as well as laboratories, scientific research, analysis and exploration. The Company manages its operations through two segments: Medical and Industrial. The Medical segment provides radiation oncology quality assurance, delivering patient safety solutions for diagnostic imaging and radiation therapy centers. The Industrial segment provides robust, field ready personal radiation detection and identification equipment for defense applications and radiation detection and analysis tools for power plants, labs, and research applications.
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