Q.E.P. Co (Q.E.P. Co) Gross Margin % : 32.75% (As of Nov. 2023)

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What is Q.E.P. Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Q.E.P. Co's Gross Profit for the three months ended in Nov. 2023 was $24.4 Mil. Q.E.P. Co's Revenue for the three months ended in Nov. 2023 was $74.6 Mil. Therefore, Q.E.P. Co's Gross Margin % for the quarter that ended in Nov. 2023 was 32.75%.

The historical rank and industry rank for Q.E.P. Co's Gross Margin % or its related term are showing as below:

QEPC' s Gross Margin % Range Over the Past 10 Years
Min: 26.3 Med: 26.96 Max: 28.15
Current: 28.13

During the past 13 years, the highest Gross Margin % of Q.E.P. Co was 28.15%. The lowest was 26.30%. And the median was 26.96%.

QEPC's Gross Margin % is ranked better than
55.16% of 2937 companies
in the Industrial Products industry
Industry Median: 26.42 vs QEPC: 28.13

Q.E.P. Co had a gross margin of 32.75% for the quarter that ended in Nov. 2023 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Q.E.P. Co was -0.40% per year.

Q.E.P. Co Gross Margin % Historical Data

The historical data trend for Q.E.P. 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.

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Q.E.P. Co Gross Margin % Chart

Q.E.P. Co Annual Data

Trend

Feb14

Feb15

Feb16

Feb17

Feb18

Feb19

Feb20

Feb21

Feb22

Feb23

Gross Margin %

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26.52

26.38

28.04

27.10

26.30

Q.E.P. Co Quarterly Data
	Feb19	May19	Aug19	Nov19	Feb20	May20	Aug20	Nov20	Feb21	May21	Aug21	Nov21	Feb22	May22	Aug22	Nov22	Feb23	May23	Aug23	Nov23
Gross Margin %	Get a 7-Day Free Trial															27.78	25.23	28.41	29.53	32.75

Competitive Comparison of Q.E.P. Co's Gross Margin %

For the Tools & Accessories subindustry, Q.E.P. 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.

Q.E.P. Co's Gross Margin % Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Q.E.P. Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Q.E.P. Co's Gross Margin % falls into.

Q.E.P. Co Gross Margin % Calculation

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

Q.E.P. Co's Gross Margin for the fiscal year that ended in Feb. 2023 is calculated as

Gross Margin % (A: Feb. 2023 )	=	Gross Profit (A: Feb. 2023 )	/	Revenue (A: Feb. 2023 )
	=	114	/	433.664
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(433.664 - 319.624)	/	433.664
	=	26.30 %

Q.E.P. Co's Gross Margin for the quarter that ended in Nov. 2023 is calculated as

Gross Margin % (Q: Nov. 2023 )	=	Gross Profit (Q: Nov. 2023 )	/	Revenue (Q: Nov. 2023 )
	=	24.4	/	74.575
	=	(Revenue - Cost of Goods Sold)	/	Revenue
	=	(74.575 - 50.155)	/	74.575
	=	32.75 %

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.

Q.E.P. Co (OTCPK:QEPC) 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

Q.E.P. Co had a gross margin of 32.75% for the quarter that ended in Nov. 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.

Q.E.P. Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Q.E.P. Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.

Q.E.P. Co (Q.E.P. Co) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Industrial Products » Q.E.P. Co Inc (OTCPK:QEPC) » Definitions » Gross Margin %

Comparable Companies

Traded in Other Exchanges

N/A

Address

1001 Broken Sound Parkway North West, Suite A, Boca Raton, FL, USA, 33487

Website

https://www.qep.com

Q.E.P. Co Inc is a provider of flooring and industrial solutions. The company is a manufacturer, marketer, and distributor of hardwood and laminate flooring, flooring installation tools, adhesives and flooring related products targeted for the professional installer as well as the do-it-yourselfer. It also provides industrial tools to the industrial trades under brand names including QEP, ROBERTS, Capitol, Harris Wood, Fausfloor, Vitrex, Homelux, TileRite, PRCI, Nupla, HISCO, Plasplugs, Ludell, Porta-Nails, Tomecanic, Benetiere, and Elastiment. The company sells its products to home improvement retail centers, specialty distribution outlets, municipalities and industrial solution providers in an approx 50 states and throughout the world.

Executives

Lawrence P Levine	officer: SVP and General Counsel	1001 BROKEN SOUND PARKWAY NW, SUITE A, BOCA RATON FL 33487
Robert G Walters	director	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
Kenneth Weiss	officer: SVP Commercial Sales	1001 BROKEN SOUND PARKWAY NW SUITE A, BOCA RATON FL 33487
David L Kreilein	director	2930 INDUSTRIEAL ST, WISCONSIN RAPIDS WI 54495-8020
Muir Robert W Jr	director
Laura M Holm	director	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
James Brower	officer: Chief Operating Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Jamie Clingan	officer: Vice President Marketing	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Bruce Maclaren	officer: Chief Executive Officer Europe	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
S Scott Fitzpatrick	officer: Chief Accounting Officer	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, NW, SUITE A, BOCA RATON FL 33487
Stuart F Fleischer	officer: Chief Financial Officer
Randall Paulfus	officer: Interim CFO	C/O PC UNIVERSE, INC., 504 NW 77TH STREET, BOCA RATON FL 33487
Richard A Brooke	officer: Senior Vice President	C/O Q.E.P. CO., INC., 1001 BROKEN SOUND PARKWAY, BOCA RATON FL 33487
Eric Demaree	officer: EVP, Sales	C/O Q.E.P. CO., INC., 1081 HOLLAND DRIVE, BOCA RATON FL 33487
Susan J Gould	10 percent owner