Barnes Group (Barnes Group) Gross Margin % : 26.74% (As of Dec. 2023)

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What is Barnes Group Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Barnes Group's Gross Profit for the three months ended in Dec. 2023 was $111 Mil. Barnes Group's Revenue for the three months ended in Dec. 2023 was $416 Mil. Therefore, Barnes Group's Gross Margin % for the quarter that ended in Dec. 2023 was 26.74%.

Warning Sign:

Barnes Group Inc gross margin has been in long-term decline. The average rate of decline per year is -3%.

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

B' s Gross Margin % Range Over the Past 10 Years
Min: 30.47 Med: 35.02 Max: 36.68
Current: 30.47

During the past 13 years, the highest Gross Margin % of Barnes Group was 36.68%. The lowest was 30.47%. And the median was 35.02%.

B's Gross Margin % is ranked better than
61.29% of 2937 companies
in the Industrial Products industry
Industry Median: 26.42 vs B: 30.47

Barnes Group had a gross margin of 26.74% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Barnes Group was -3.00% per year.

Barnes Group Gross Margin % Historical Data

The historical data trend for Barnes 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.

* Premium members only.

Barnes Group Gross Margin % Chart

Barnes Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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36.68

35.86

36.14

33.43

30.47

Barnes 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															32.56	32.54	33.74	29.78	26.74

Competitive Comparison of Barnes Group's Gross Margin %

For the Specialty Industrial Machinery subindustry, Barnes 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.

Barnes Group's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Barnes Group's Gross Margin % distribution charts can be found below:

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

Barnes Group Gross Margin % Calculation

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

Barnes 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 )
	=	442.1	/	1450.871
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1450.871 - 1008.786)	/	1450.871
	=	30.47 %

Barnes 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 )
	=	111.1	/	415.542
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(415.542 - 304.428)	/	415.542
	=	26.74 %

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.

Barnes Group (NYSE:B) 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

Barnes Group had a gross margin of 26.74% for the quarter that ended in Dec. 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.

Barnes Group Gross Margin % Related Terms

Thank you for viewing the detailed overview of Barnes Group's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Barnes Group (Barnes Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Barnes Group Inc (NYSE:B) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

BG4:Germany

Address

123 Main Street, Bristol, CT, USA, 06010

Website

https://www.onebarnes.com

Barnes Group Inc is a U.S. based industrial and aerospace manufacturer and service provider. The company operates through two segments: Industrial and Aerospace. The industrial segment manufactures precision parts, products, and systems for critical applications in end markets including transportation, industrial equipment, and consumer products. The aerospace segment provides machined components and assemblies for original equipment manufacturer turbine engine, airframe and industrial gas turbine builders, and the military. This segment also provides aftermarket maintenance, overhaul and repair services for turbine engine manufacturers, airlines, and the military. The company generates around half of its revenue from the domestic American market.

Executives

Mylle H Mangum	director	3231 S E SIXTH AVENUE, TOPEKA KS 66607
Thomas O Barnes	director	C/O BARNES GROUP INC, PO BOX 489, BRISTOL CT 06011-0489
Hans-peter Manner	director	123 MAIN STREET, BRISTOL CT 06010
Marian Acker	officer: VP, Controller	123 MAIN STREET, BRISTOL CT 06010
Jay B Knoll	officer: SVP, Gen. Counsel & Secretary	2225 W CHANDLER BLVD, CHANDLER AZ 85224
Thomas J Hook	director	810 INNOVATION DR, KNOXVILLE TN 37932
Elijah Kent Barnes	director	123 MAIN STREET, BRISTOL CT 06010
Neal J Keating	director	C/O KAMAN CORPORATION, PO BOX 1, BLOOMFIELD CT 06002
Julie K Streich	officer: SVP, Finance and CFO	123 MAIN STREET, BRISTOL CT 06010
Dawn N Edwards	officer: SVP, Human Resources	123 MAIN STREET, BRISTOL CT 06010
Richard J Hipple	director	10035 HUNTING DRIVE, BRECKSVILLE OH 44141
Ian Malcolm Reason	officer: SVP, BGI; Pres., Barnes Aero	C/O BARNES GROUP INC., 123 MAIN STREET, BRISTOL CT 06010
Michael Andrew Beck	officer: SVP, BGI; Pres., Barnes Aero	123 MAIN STREET, BRISTOL CT 06010
Jakki L. Haussler	director	221 EAST FOURTH STREET, CINCINNATI OH 45202
Lukas Hovorka	officer: SVP, Corporate Development	123 MAIN STREET, BRISTOL CT 06010