The historical rank and industry rank for Franklin Electric Co's Gross Margin % or its related term are showing as below:
FELE'
s Gross Margin % Range Over the Past 10 Years
Min: 32.18 Med: 33.63 Max: 34.89
Current: 33.75
During the past 13 years, the highestGross Margin % of Franklin Electric Co was 34.89%. The lowest was 32.18%. And the median was 33.63%.
FELE's Gross Margin % is ranked better than 69.73% of 2937
companies
in the Industrial Products industry
Industry Median: 26.45
vs FELE: 33.75
Franklin Electric Co had a gross margin of 33.83% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Franklin Electric Co was 0.50% per year.
Franklin Electric Co Gross Margin % Historical Data
The historical data trend for Franklin Electric Co'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 Franklin Electric Co's Gross Margin %
For the Specialty Industrial Machinery subindustry, Franklin Electric Co'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.
Franklin Electric Co's Gross Margin % Distribution in the Industrial Products Industry
For the Industrial Products industry and Industrials sector, Franklin Electric Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Franklin Electric Co'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.
Franklin Electric Co (NAS:FELE) 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
Franklin Electric Co had a gross margin of 33.83% 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.
Franklin Electric Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Franklin Electric Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Franklin Electric Co (Franklin Electric Co) Business Description
Franklin Electric Co Inc designs, manufactures, and distributes water and fuel pumping systems, composed of submersible motors, pumps, electronic controls, water treatment systems, and related parts and equipment. It has three segments; The Water Systems segment designs, manufactures and sells motors, pumps, drives, electronic controls, monitoring devices, and related parts and equipment for use in groundwater, water transfer, and wastewater, The Fueling Systems segment designs, manufactures and sells pumps, pipe, sumps, fittings, vapor recovery components, electronic controls, monitoring devices, and related parts and equipment for use in fueling system applications and the Distribution segment sells and provides presale support and specifications to the installing contractors.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
FELE has been successfully added to your 