Gross Margin % is calculated as gross profit divided by its revenue. Stericycle's Gross Profit for the
three
months ended in Dec. 2023 was $257 Mil. Stericycle's Revenue for the
three
months ended in Dec. 2023 was $652 Mil. Therefore, Stericycle's Gross Margin % for the quarter that ended in Dec. 2023 was 39.39%.
The historical rank and industry rank for Stericycle's Gross Margin % or its related term are showing as below:
SRCL'
s Gross Margin % Range Over the Past 10 Years
Min: 35.5 Med: 39.42 Max: 42.82
Current: 38.15
During the past 13 years, the highestGross Margin % of Stericycle was 42.82%. The lowest was 35.50%. And the median was 39.42%.
SRCL's Gross Margin % is ranked better than 68.44% of 225
companies
in the Waste Management industry
Industry Median: 28.57
vs SRCL: 38.15
Stericycle had a gross margin of 39.39% for the quarter that ended in Dec. 2023 => Competition eroding margins
The 5-Year average Growth Rate of Gross Margin for Stericycle was 0.00% per year.
Stericycle Gross Margin % Historical Data
The historical data trend for Stericycle'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 Stericycle's Gross Margin %
For the Waste Management subindustry, Stericycle'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.
Stericycle's Gross Margin % Distribution in the Waste Management Industry
For the Waste Management industry and Industrials sector, Stericycle's Gross Margin % distribution charts can be found below:
* The bar in red indicates where Stericycle'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.
Stericycle (NAS:SRCL) 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
Stericycle had a gross margin of 39.39% 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.
Stericycle Gross Margin % Related Terms
Thank you for viewing the detailed overview of Stericycle's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.
Stericycle is the largest provider of medical waste disposal and data destruction (primarily paper shredding) services in the United States. Its next closest national competitor in the medical waste disposal space is Sharps Compliance, which generated $76 million of sales in fiscal 2021 before its 2022 acquisition (about 4% of Stericycle's global regulated waste and compliance revenue). Stericycle's data destruction business (Shred-It) is about twice the size of its closest competitor (Iron Mountain's information destruction segment). Stericycle has a global presence, with about 20% of its revenue earned outside North America.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
Portfolio Contest
SRCL has been successfully added to your 