Gross Margin % is calculated as gross profit divided by its revenue. Manitowoc Co's Gross Profit for the
three
months ended in Dec. 2023 was $99 Mil. Manitowoc Co's Revenue for the
three
months ended in Dec. 2023 was $596 Mil. Therefore, Manitowoc Co's Gross Margin % for the quarter that ended in Dec. 2023 was 16.63%.
The historical rank and industry rank for Manitowoc Co's Gross Margin % or its related term are showing as below:
MTW'
s Gross Margin % Range Over the Past 10 Years
Min: 15.7 Med: 17.85 Max: 20.27
Current: 19.09
During the past 13 years, the highestGross Margin % of Manitowoc Co was 20.27%. The lowest was 15.70%. And the median was 17.85%.
MTW's Gross Margin % is ranked worse than 66.34% of 205
companies
in the Farm & Heavy Construction Machinery industry
Industry Median: 24.22
vs MTW: 19.09
Manitowoc Co had a gross margin of 16.63% for the quarter that ended in Dec. 2023 => No sustainable competitive advantage
The 5-Year average Growth Rate of Gross Margin for Manitowoc Co was 0.70% per year.
Manitowoc Co Gross Margin % Historical Data
The historical data trend for Manitowoc 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.
For the Farm & Heavy Construction Machinery subindustry, Manitowoc 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.
Manitowoc Co Gross Margin % Distribution
For the Farm & Heavy Construction Machinery industry and Industrials sector, Manitowoc Co's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Manitowoc 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.
Manitowoc Co (NYSE:MTW) 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
Manitowoc Co had a gross margin of 16.63% for the quarter that ended in Dec. 2023 => No sustainable 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.
Manitowoc Co Gross Margin % Related Terms
Thank you for viewing the detailed overview of Manitowoc Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Manitowoc Co Inc provides engineered lifting solutions. It designs and manufactures mobile telescopic cranes, tower cranes, lattice-boom crawler cranes, and boom trucks. It offers products under brand names such as Grove, Manitowoc, National Crane, Potain, Shuttlelift, and Manitowoc Crane Care. Its crane products serve dealers, rental companies, contractors, and government entities in diverse markets, including energy production/distribution and utility, petrochemical and industrial, infrastructure, and commercial/residential construction. Manitowoc has three reportable segments: the Americas, Europe and Africa, and the Middle East and Asia-Pacific. The Americas segment provides the largest revenue stream to the firm.
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