Gross Margin % is calculated as gross profit divided by its revenue. Gannett Co's Gross Profit for the
three
months ended in Dec. 2023 was $250 Mil. Gannett Co's Revenue for the
three
months ended in Dec. 2023 was $669 Mil. Therefore, Gannett Co's Gross Margin % for the quarter that ended in Dec. 2023 was 37.31%.
Warning Sign:
Gannett Co Inc gross margin has been in long-term decline. The average rate of decline per year is -3.5%.
The historical rank and industry rank for Gannett Co's Gross Margin % or its related term are showing as below:
GCI'
s Gross Margin % Range Over the Past 10 Years
Min: 36.47 Med: 42.75 Max: 45.1
Current: 36.48
During the past 13 years, the highestGross Margin % of Gannett Co was 45.10%. The lowest was 36.47%. And the median was 42.75%.
GCI's Gross Margin % is ranked worse than 53.22% of 964
companies
in the Media - Diversified industry
Industry Median: 38.555
vs GCI: 36.48
Gannett Co had a gross margin of 37.31% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Gannett Co was -3.50% per year.
Gannett Co Gross Margin % Historical Data
The historical data trend for Gannett 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 Gannett Co's Gross Margin %
For the Publishing subindustry, Gannett 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.
Gannett Co's Gross Margin % Distribution in the Media - Diversified Industry
For the Media - Diversified industry and Communication Services sector, Gannett Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Gannett 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.
Gannett Co (NYSE:GCI) 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
Gannett Co had a gross margin of 37.31% 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.
Gannett Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Gannett Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Gannett Co Inc is a digital newspaper company providing local media and marketing solutions in the U.S. The Group operate in two segments, Gannett Media and Digital Marketing Solutions. The majority of revenue is from the Gannett media segment. The company's brands include USA TODAY and more than 250 daily newspapers as well as digital marketing services companies, including ReachLocal, WordStream and others. The company produces more than 350 annual events, such as themed expos. The company also operates in the U.K. through the U.K. media company Newsquest to provide more than 150 local media brands.
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