The historical rank and industry rank for Mesa Laboratories's Gross Margin % or its related term are showing as below:
MLAB'
s Gross Margin % Range Over the Past 10 Years
Min: 55.54 Med: 59.64 Max: 64.97
Current: 61.02
During the past 13 years, the highestGross Margin % of Mesa Laboratories was 64.97%. The lowest was 55.54%. And the median was 59.64%.
MLAB's Gross Margin % is ranked better than 94.21% of 2437
companies
in the Hardware industry
Industry Median: 24.45
vs MLAB: 61.02
Mesa Laboratories had a gross margin of 62.47% for the quarter that ended in Dec. 2023 => Durable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Mesa Laboratories was 1.50% per year.
Mesa Laboratories Gross Margin % Historical Data
The historical data trend for Mesa Laboratories'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 Mesa Laboratories's Gross Margin %
For the Scientific & Technical Instruments subindustry, Mesa Laboratories'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.
Mesa Laboratories's Gross Margin % Distribution in the Hardware Industry
For the Hardware industry and Technology sector, Mesa Laboratories's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Mesa Laboratories'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
Mesa Laboratories had a gross margin of 62.47% for the quarter that ended in Dec. 2023 => Durable competitive advantage
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.
Mesa Laboratories Gross Margin % Related Terms
Thank you for viewing the detailed overview of Mesa Laboratories's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Mesa Laboratories (Mesa Laboratories) Business Description
Mesa Laboratories Inc manufactures life sciences tools and critical quality control products. It operates in 4 divisions: Sterilization and Disinfection Control, which manufactures and sells biological, cleaning, and chemical indicators. It also provides testing and laboratory services, mainly to the dental industry; Biopharmaceutical Development segment develops, manufactures, and sells automated systems for protein analysis (immunoassays) and peptide synthesis solutions; Calibration Solutions division develops, manufactures, and sells quality control and calibration products used to measure or calibrate temperature, pressure, pH, humidity, and other such parameters for health and safety purposes; and Clinical Genomics. Its geographical segments include United States and Foreign.
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