Gross Margin % is calculated as gross profit divided by its revenue. Apogee Enterprises's Gross Profit for the
three
months ended in Nov. 2023 was $90 Mil. Apogee Enterprises's Revenue for the
three
months ended in Nov. 2023 was $340 Mil. Therefore, Apogee Enterprises's Gross Margin % for the quarter that ended in Nov. 2023 was 26.58%.
Warning Sign:
Apogee Enterprises Inc gross margin has been in long-term decline. The average rate of decline per year is -1.2%.
The historical rank and industry rank for Apogee Enterprises's Gross Margin % or its related term are showing as below:
APOG'
s Gross Margin % Range Over the Past 10 Years
Min: 20.86 Med: 22.7 Max: 26.2
Current: 25.5
During the past 13 years, the highestGross Margin % of Apogee Enterprises was 26.20%. The lowest was 20.86%. And the median was 22.70%.
APOG's Gross Margin % is ranked better than 61.72% of 1609
companies
in the Construction industry
Industry Median: 19.08
vs APOG: 25.50
Apogee Enterprises had a gross margin of 26.58% for the quarter that ended in Nov. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Apogee Enterprises was -1.20% per year.
Apogee Enterprises Gross Margin % Historical Data
The historical data trend for Apogee Enterprises'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 Apogee Enterprises's Gross Margin %
For the Building Products & Equipment subindustry, Apogee Enterprises'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.
Apogee Enterprises's Gross Margin % Distribution in the Construction Industry
For the Construction industry and Industrials sector, Apogee Enterprises's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Apogee Enterprises'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
Apogee Enterprises had a gross margin of 26.58% for the quarter that ended in Nov. 2023 => Competition eroding margins
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.
Apogee Enterprises Gross Margin % Related Terms
Thank you for viewing the detailed overview of Apogee Enterprises's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Apogee Enterprises (Apogee Enterprises) Business Description
Apogee Enterprises Inc is a manufacturer of architectural glass and metal glass framings. The company also provides building glass installation services. Its four main business segments are Architectural Framing Systems; Architectural Glass; Architectural Services and Large-Scale Optical Technologies (LSO). It generates maximum revenue from the Architectural Framing Systems segment. The Architectural Framing Systems segment designs, engineers, fabricates and finishes the aluminum frames used in customized aluminum and glass window, curtainwall, storefront and entrance systems comprising the outside skin and entrances of commercial, institutional and high-end multi-family residential buildings. Geographically, it derives a majority of revenue from the United States.
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