Enterprise Group (TSX:E) Gross Margin % : 50.46% (As of Dec. 2023)

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What is Enterprise Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Enterprise Group's Gross Profit for the three months ended in Dec. 2023 was C$4.84 Mil. Enterprise Group's Revenue for the three months ended in Dec. 2023 was C$9.60 Mil. Therefore, Enterprise Group's Gross Margin % for the quarter that ended in Dec. 2023 was 50.46%.

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

TSX:E' s Gross Margin % Range Over the Past 10 Years
Min: 14.03 Med: 28.94 Max: 46.28
Current: 46.28

During the past 13 years, the highest Gross Margin % of Enterprise Group was 46.28%. The lowest was 14.03%. And the median was 28.94%.

TSX:E's Gross Margin % is ranked better than
71.8% of 929 companies
in the Oil & Gas industry
Industry Median: 28 vs TSX:E: 46.28

Enterprise Group had a gross margin of 50.46% for the quarter that ended in Dec. 2023 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Enterprise Group was 23.40% per year.

Enterprise Group Gross Margin % Historical Data

The historical data trend for Enterprise Group'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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Enterprise Group Gross Margin % Chart

Enterprise Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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25.84

33.47

35.40

40.46

46.27

Enterprise Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Gross Margin %	Get a 7-Day Free Trial															47.61	50.95	30.77	46.00	50.46

Competitive Comparison of Enterprise Group's Gross Margin %

For the Oil & Gas Equipment & Services subindustry, Enterprise Group'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.

Enterprise Group's Gross Margin % Distribution in the Oil & Gas Industry

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

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

Enterprise Group Gross Margin % Calculation

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

Enterprise Group'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 )
	=	15.5	/	33.501
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(33.501 - 17.999)	/	33.501
	=	46.27 %

Enterprise Group'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 )
	=	4.8	/	9.599
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(9.599 - 4.755)	/	9.599
	=	50.46 %

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.

Enterprise Group (TSX:E) 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

Enterprise Group had a gross margin of 50.46% 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.

Enterprise Group Gross Margin % Related Terms

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Enterprise Group (TSX:E) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Enterprise Group Inc (TSX:E) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

ETOLF:USA 3EO1:Germany

Address

64 Riel Drive, Suite 2, St. Albert, AB, CAN, T8N 5B3

Website

https://www.enterprisegrp.ca

Enterprise Group Inc is an equipment rental and construction services company operating in the utility, energy, and construction industries. Its focus is specialty equipment rentals. The company has a fleet of trucks and heavy equipment to provide rental services for heavy equipment, flameless heating units and oilfield site service infrastructure throughout Western Canada.

Executives

Warren Cabral

Senior Officer