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Hexagon AB (Hexagon AB) Gross Profit : $3,846 Mil (TTM As of Mar. 2024)


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What is Hexagon AB Gross Profit?

Hexagon AB's gross profit for the three months ended in Mar. 2024 was $939 Mil. Hexagon AB's gross profit for the trailing twelve months (TTM) ended in Mar. 2024 was $3,846 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Hexagon AB's gross profit for the three months ended in Mar. 2024 was $939 Mil. Hexagon AB's Revenue for the three months ended in Mar. 2024 was $1,413 Mil. Therefore, Hexagon AB's Gross Margin % for the quarter that ended in Mar. 2024 was 66.43%.

Hexagon AB had a gross margin of 66.43% for the quarter that ended in Mar. 2024 => Durable competitive advantage

During the past 13 years, the highest Gross Margin % of Hexagon AB was 65.19%. The lowest was 57.75%. And the median was 62.47%.


Hexagon AB Gross Profit Historical Data

The historical data trend for Hexagon AB'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.

* Premium members only.

Hexagon AB Gross Profit Chart

Hexagon AB Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Profit
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2,726.67 2,888.44 3,160.57 3,560.38 3,863.90

Hexagon AB Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Profit Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 913.60 968.26 898.72 1,040.46 938.59

Competitive Comparison of Hexagon AB's Gross Profit

For the Scientific & Technical Instruments subindustry, Hexagon AB'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.


Hexagon AB's Gross Profit Distribution in the Hardware Industry

For the Hardware industry and Technology sector, Hexagon AB's Gross Profit distribution charts can be found below:

* The bar in red indicates where Hexagon AB's Gross Profit falls into.



Hexagon AB Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Hexagon AB's Gross Profit for the fiscal year that ended in Dec. 2023 is calculated as

Gross Profit (A: Dec. 2023 )=Revenue - Cost of Goods Sold
=5927.154 - 2063.25
=3,864

Hexagon AB's Gross Profit for the quarter that ended in Mar. 2024 is calculated as

Gross Profit (Q: Mar. 2024 )=Revenue - Cost of Goods Sold
=1412.935 - 474.348
=939

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $3,846 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Hexagon AB's Gross Margin % for the quarter that ended in Mar. 2024 is calculated as

Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=(Revenue - Cost of Goods Sold) / Revenue
=939 / 1412.935
=66.43 %

* 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.


Hexagon AB  (OTCPK:HXGBY) 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

Hexagon AB had a gross margin of 66.43% for the quarter that ended in Mar. 2024 => Durable competitive advantage


Hexagon AB Gross Profit Related Terms

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Hexagon AB (Hexagon AB) Business Description

Traded in Other Exchanges
Address
Lilla Bantorget 15, Stockholm, SWE, SE-111 23
Hexagon AB provides information technology for industrial applications. It offers solutions in two segments: geospatial enterprise solutions and industrial enterprise solutions. Each segment contributes roughly half of the firm's overall revenue. Hexagon's geospatial solutions are used for infrastructure, mining, agriculture, and public safety. The industrial enterprise solutions are used to measure and inspect the quality of complex parts used in manufacturing processes. Hexagon's largest geographic markets are Americas and EMEA, with each market contributing more than a fourth of the firm's overall revenue.