Navios Maritime Partners LP (Navios Maritime Partners LP) Gross Margin % : 39.49% (As of Dec. 2023)

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What is Navios Maritime Partners LP Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Navios Maritime Partners LP's Gross Profit for the three months ended in Dec. 2023 was $129 Mil. Navios Maritime Partners LP's Revenue for the three months ended in Dec. 2023 was $327 Mil. Therefore, Navios Maritime Partners LP's Gross Margin % for the quarter that ended in Dec. 2023 was 39.49%.

The historical rank and industry rank for Navios Maritime Partners LP's Gross Margin % or its related term are showing as below:

NMM' s Gross Margin % Range Over the Past 10 Years
Min: 14.11 Med: 35.8 Max: 48.17
Current: 40.38

During the past 13 years, the highest Gross Margin % of Navios Maritime Partners LP was 48.17%. The lowest was 14.11%. And the median was 35.80%.

NMM's Gross Margin % is ranked better than
82.47% of 947 companies
in the Transportation industry
Industry Median: 20.12 vs NMM: 40.38

Navios Maritime Partners LP had a gross margin of 39.49% for the quarter that ended in Dec. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Navios Maritime Partners LP was 4.40% per year.

Navios Maritime Partners LP Gross Margin % Historical Data

The historical data trend for Navios Maritime Partners LP'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.

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Navios Maritime Partners LP Gross Margin % Chart

Navios Maritime Partners LP Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Gross Margin %

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35.84

24.53

48.17

42.73

40.38

Navios Maritime Partners LP 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															43.51	38.09	43.42	40.22	39.49

Competitive Comparison of Navios Maritime Partners LP's Gross Margin %

For the Marine Shipping subindustry, Navios Maritime Partners LP'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.

Navios Maritime Partners LP's Gross Margin % Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Navios Maritime Partners LP's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Navios Maritime Partners LP's Gross Margin % falls into.

Navios Maritime Partners LP Gross Margin % Calculation

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

Navios Maritime Partners LP'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 )
	=	527.7	/	1306.889
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(1306.889 - 779.156)	/	1306.889
	=	40.38 %

Navios Maritime Partners LP'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 )
	=	129.2	/	327.253
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(327.253 - 198.025)	/	327.253
	=	39.49 %

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.

Navios Maritime Partners LP (NYSE:NMM) 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

Navios Maritime Partners LP had a gross margin of 39.49% 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.

Navios Maritime Partners LP Gross Margin % Related Terms

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Navios Maritime Partners LP (Navios Maritime Partners LP) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Navios Maritime Partners LP (NYSE:NMM) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

7 Avenue de Grande Bretagne, Office 11B2, Monte Carlo, MCO, MC 98000

Website

https://www.navios-mlp.com

Navios Maritime Partners LP is a seaborne shipping company. It owns and operates dry cargo and container vessels with the primary long-term and staggered expiration charters. The firm's fleet consists of Ultra- Handymax, Panamax, Capsize, and Container vessels and categorized in Drybulk and Container vessels. It earns revenue through chartering of vessels, voyage contracts. Geographically, it generates majority revenue from Asia.