Cubic's gross profit for the
three
months ended in Mar. 2021 was $95 Mil. Cubic's gross profit for the trailing twelve months (TTM) ended in Mar. 2021 was $489 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. Cubic's gross profit for the
three
months ended in Mar. 2021 was $95 Mil. Cubic's Revenue for the
three
months ended in Mar. 2021 was $343 Mil. Therefore, Cubic's Gross Margin % for the quarter that ended in Mar. 2021 was 27.62%.
Cubic had a gross margin of 27.62% for the quarter that ended in Mar. 2021 => Competition eroding margins
Cubic Gross Profit Historical Data
The historical data trend for Cubic's Gross Profit 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.
For the Aerospace & Defense subindustry, Cubic's Gross Profit, along with its competitors' market caps and Gross Profit 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.
Cubic's Gross Profit Distribution in the Aerospace & Defense Industry
For the Aerospace & Defense industry and Industrials sector, Cubic's Gross Profit distribution charts can be found below:
* The bar in red indicates where Cubic's Gross Profit falls into.
Cubic Gross Profit Calculation
Gross Profit is the different between the sale prices and the cost of buying or producing the goods.
Cubic's Gross Profit for the fiscal year that ended in Sep. 2020 is calculated as
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2021 adds up the quarterly data reported by the company within the most recent 12 months, which was $489 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
Cubic's Gross Margin % for the quarter that ended in Mar. 2021 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.
Cubic (NYSE:CUB) Gross Profit 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
Cubic had a gross margin of 27.62% for the quarter that ended in Mar. 2021 => Competition eroding margins
Cubic Gross Profit Related Terms
Thank you for viewing the detailed overview of Cubic's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.
Cubic Corp is an international provider of systems and solutions for the mass transit and global defense markets. It uses three segments for financial reporting: Cubic transportation systems, Cubic mission solutions, and Cubic global defense systems. The company integrates payment and information solutions for travel applications. It allows people to choose a cost- and time-effective way to travel and helps transportation authorities manage demand across entire networks. The global defense segments provide training and operational support for multiple branches of the U.S. military. Approximately half of the total revenue is derived from the United States, with the United Kingdom and Australia also producing material sales.
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